Sentence examples for wage function from inspiring English sources
Labor demand and the wage function are exogenously determined and identical for all individuals.
As such, we guarantee that the respondent is the single wage earner, for whom we can thus estimate a wage function.
A standard object of empirical analysis in labor economics is a modified Mincer wage function in which an individual's log wage is a function of education, experience, and race.
The approach in this study employs a Mincerian wage function used by Lemieux (2014), augmented to include controls for each of the three earnings impacts of education noted above, including the ones that capture the effect of matching quality.
To keep matters simple, a linear wage function will be used such that ( {W}^Hleft(theta right)={w}_0^H+{w}_1^Htheta ), where ( {w}_1^H ) is the education premium which is time invariant.
The approach in this study employs the Mincer wage function used by Lemieux (2014), augmented to include controls for each of the three earnings impacts of education noted above, including one that captures the effect of matching quality.
Although modeling these three channels through matching is a fairly complex process, in practice, occupation upgrading and specialization are controlled in wage earnings functions by binary variables that identify occupation and field of study fixed effects.
One way to address this problem is to control for occupational matching by using NHRIC NVRIC matrices in wage earnings functions, so that we can compare the returns to education in each cell separately.
Carneiro and Henley (2001) estimate the wage functions for the formal and the informal sectors.
Statistical estimation of wage functions that seek to represent the relationship between wage rates and a variety of human capital stocks may yield biased estimates of private rates of return from these investments for a variety of reasons.
In single markets, depending on their education level and experience, workers have different wage functions and face differential market imperfections, such as different entry costs, probability of losing their job, and home production productivity.
