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actual experience Al.l analysis biased BUITER cent Centre for Labour coefficient estimates cohort effects country sets covariance matrix degrees of freedom depreciation effect discussed earnings capacity econometric education dummy effect of non-participation endogeneity estimated standard errors estimation error exogenous variables experience variables extent of discrimination family income female wages GRUBB hourly earnings hypothesis Incomes Policies individual country Inflation Input Price Shocks international element JACKMAN Labour Economics labour market labour supply model LAYARD market discrimination married women measurement misspecification multi-country estimation NICKELL obtained occupational OLS estimates Paldam participation decision Phillips Curve PISSARIDES potential experience predicted probability of participation race and health Rational Expectations Rational Expectations Models regressor relative wage residual correlation sample schooling seemingly unrelated regressions selectivity bias sets of estimates significant single women specification standard deviation standard errors summary statistics SURE t-ratios Table tb statistic transmission mechanisms Unemployment vector wage differential wage equation ZABALZA zero