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
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)
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