Structural models of the wage curve estimated by panel data and cross-section regressions

Gerba, Eddie; Pikoulakis, Emmanuel V.; and Wisniewski, Tomasz Piotr (2014) Structural models of the wage curve estimated by panel data and cross-section regressions. [Working paper]

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Introducing equilibrium unemployment to the solution of the intertemporal allocation of non-leisure time, we derive two wage-setting models which we estimate by panel data and cross-section regressions applied on aggregative data. The results support the empirical relation known as the wage-curve, thus enriching and strengthening the microfoundations of that relation.

Item Type	Working paper
Keywords	wage curve,intertemporal allocation,two-sector model
Departments	European Institute
Date Deposited	04 Apr 2014 09:28
URI	https://researchonline.lse.ac.uk/id/eprint/56395