Arbeitspapier
Identification of the covariance structure of earnings using the GMM estimator
In this paper we study the performance of the GMM estimator in the context of the covariance structure of earnings. Using analytical and Monte Carlo techniques we examine the sensitivity of parameter identification to key features such as panel length, sample size, the degree of persistence of earnings shocks and the evolution of inequality over time. We show that the interaction of transitory persistence with the time pattern of inequality determines identification in these models and offer some practical recommendations that follow from our findings.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 4952
- Klassifikation
-
Wirtschaft
Wage Level and Structure; Wage Differentials
Personal Income, Wealth, and Their Distributions
- Thema
-
GMM
permanent and transitory inequality
Einkommensverteilung
Dynamisches Modell
Korrelation
Momentenmethode
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Doris, Aedín
O'Neill, Donal
Sweetman, Olive
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for the Study of Labor (IZA)
- (wo)
-
Bonn
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Doris, Aedín
- O'Neill, Donal
- Sweetman, Olive
- Institute for the Study of Labor (IZA)
Entstanden
- 2010
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