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Earnings Dynamics and Profile Heterogeneity: Estimates from Japanese Panel Data
http://hdl.handle.net/2241/117037
http://hdl.handle.net/2241/11703796cc6d84-55bd-4600-836d-3159e782b1ea
名前 / ファイル | ライセンス | アクション |
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Item type | アイテムタイプS(1) | |||||||
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公開日 | 2012-05-22 | |||||||
タイトル | ||||||||
タイトル | Earnings Dynamics and Profile Heterogeneity: Estimates from Japanese Panel Data | |||||||
言語 | ||||||||
言語 | eng | |||||||
資源タイプ | ||||||||
資源タイプ | technical report | |||||||
著者 |
OKUBO Masakatsu
× OKUBO Masakatsu
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著者情報 | ||||||||
所属・氏名 | システム情報系; 大久保, 正勝; オオクボ, マサカツ; OKUBO, Masakatsu | |||||||
研究者総覧URL | http://trios.tsukuba.ac.jp/researcher/0000000806 | |||||||
抄録 | ||||||||
内容記述 | The recent empirical work on earnings processes by Guvenen (2009) using US panel data finds that ignoring heterogeneity in earnings profiles among individuals leads to an upward bias in the autoregressive parameter of earnings shocks. It then argues that the existing assumptions in incomplete markets heterogeneous-agent models almost all of which require highly persistent earnings shocks and no individual- and group-specific differences in earnings growth rates may be inappropriate. This paper investigates the applicability of this US data-based debate to other developed countries by using a panel of Japanese male earnings. The results indicate that it is possible to corroborate Guvenen’s arguments despite some differences in the estimates. |
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書誌情報 |
発行日 2012-03 |
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アクセス権 | ||||||||
アクセス権 | open access | |||||||
出版者 | ||||||||
出版者 | University of Tsukuba. Graduate School of Systems and Information Engineering. Doctoral Program in Social Systems & Management | |||||||
シリーズ | ||||||||
言語 | en | |||||||
関連名称 | Department of Social Systems and Management Discussion Paper Series;no.1290 |