HETEROGENEITY, AGGREGATION, AND MARKET WAGE FUNCTIONS - AN EMPIRICAL-MODEL OF SELF-SELECTION IN THE LABOR-MARKET
HETEROGENEITY, AGGREGATION, AND MARKET WAGE FUNCTIONS - AN EMPIRICAL-MODEL OF SELF-SELECTION IN THE LABOR-MARKET
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DOI:
10.1086/261352
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发表时间:
1985-01-01
影响因子:
8.2
通讯作者:
SEDLACEK, G
中科院分区:
文献类型:
--
作者:
HECKMAN, JJ;SEDLACEK, G
This paper presents an empirical equilibrium model of self-selection in the labor market that recognizes the existence of measured and unmeasured heterogeneous skills. We derive a model of the sectoral allocation of workers of different demographic types and present a new econometric procedure for combining micro and macro data to estimate supply and demand functions for unmeasured sectorspecific productive attributes. Our model extends previous empirical work on wage equations by introducing determinants of aggregate market demand and supply into an explicit, economically interpretable estimating equation. These extensions are required to produce a model that fits the distribution of wages for the US labor market.