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...

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Bibliographic details
Main Author: Hospido, Laura
Format: Paper
Language: English
Place of publication: 01.01.2010
Related: Institute for the Study of Labor (IZA)
Data of publication: 2010/01
Series: IZA Discussion Papers
Online Access: available in Bonn?
Database: RePEc IDEAS
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