Structural Models of the Wage Curve Estimated by Panel Data and Cross-Section Regressions

Eddie Gerba (), Emmanuel Pikoulakis and Tomasz Piotr Wisniewski

MPRA Paper from University Library of Munich, Germany

Abstract: 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.

Keywords: Wage Curve; Intertemporal Allocation; Two-Sector Model (search for similar items in EconPapers)
JEL-codes: D91 J2 J22 J31 (search for similar items in EconPapers)
Date: 2014-02-26
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https://mpra.ub.uni-muenchen.de/59263/9/MPRA_paper_59263.pdf revised version (application/pdf)

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