Wages and Hours in Earnings Dynamics |
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annual hours Antilogs autoregressive process component accounts components of variance correlation function covariance structure distribution of earnings earning inequality earning intervals earning mobility earning process earnings and hours earnings values EFFECTS OF SCHOOLING equations experience on wages hours and earnings hours components hours process hours variation due identifying restriction Income Dynamics inequality and earning inequality and mobility labor supply elasticity labor supply model Lillard and Willis log earnings log hours log wages measure of earning measurement error variance nonwage related overidentified paper parameter estimates percent is due percent of observed percent of permanent permanent and transitory permanent component permanent wage ponent probability statements Rand Corporation regression coefficients Residual Hours sample covariance matrix schooling and experience serially uncorrelated components Standard Error Study of Income supply in earning total true transitory components true earnings variables VARIATION IN WAGES wage and hours wage process wage related wage variation wages and nonwage worker characteristics zero means