| Record ID | marc_loc_2016/BooksAll.2016.part33.utf8:69846577:1932 |
| Source | Library of Congress |
| Download Link | /show-records/marc_loc_2016/BooksAll.2016.part33.utf8:69846577:1932?format=raw |
LEADER: 01932cam a22003017a 4500
001 2005616171
003 DLC
005 20050119155040.0
007 cr |||||||||||
008 050119s2005 mau sb 000 0 eng
010 $a 2005616171
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aMunasinghe, Lalith.
245 10 $aWage dynamics and unobserved heterogeneity$h[electronic resource] :$btime preference of learning ability? /$cLalith Munasinghe, Nachum Sicherman.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2005.
490 1 $aNBER working paper series ;$vworking paper 11031
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 1/19/2005.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"A large portion of the variation in wages and wage growth rates among individuals is due to "unobserved" heterogeneity, and the source of individual heterogeneity is typically attributed to data limitations and/or the unobservability of certain productivity related factors. In this paper we develop a test that discriminates between two inherently unobservable sources of heterogeneity (both of which can clearly account for the variation in wages and wage growth rates): learning ability and workers' inter-temporal preferences (discounting). We apply this test to the large observed differences in wages and wage growth rates between smokers and non-smokers. The evidence supports the discounting hypothesis"--National Bureau of Economic Research web site.
650 0 $aWages$xMathematical models.
700 1 $aSicherman, Nachum.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 11031.
856 40 $uhttp://papers.nber.org/papers/W11031