Modelling heterogeneity and dynamics in the volatility of individual wages

This paper presents a model for the heterogeneity and dynamics of the conditional mean and the conditional variance of standardized individual wages. In particular, a heteroskedastic autoregressive model with multiple individual fixed effects is proposed. The expression for a modified likelihood fun...

Full description

Saved in:
Bibliographic details
Volume: 4712
Main Author: Hospido, Laura
Format: Paper
Language: English
Place of publication: Bonn Institute for the Study of Labor (IZA) 2010
published in: IZA Discussion Papers Vol. 4712
Data of publication: 2010
Online Access: Fulltext
Database: EconStor
Database information Databases - DBIS