| dc.creator |
Pannenberg, Markus |
|
| dc.creator |
Spiess, Martin |
|
| dc.date |
2007 |
|
| dc.date.accessioned |
2013-10-16T06:59:48Z |
|
| dc.date.available |
2013-10-16T06:59:48Z |
|
| dc.date.issued |
2013-10-16 |
|
| dc.identifier |
http://hdl.handle.net/10419/18395 |
|
| dc.identifier |
ppn:523980418 |
|
| dc.identifier.uri |
http://koha.mediu.edu.my:8181/xmlui/handle/10419/18395 |
|
| dc.description |
We propose a generalized estimating equations approach to the analysis of the mean and the covariance structure of a bivariate time series process of panel data with mixed continuous and discrete dependent variables. The approach is used to jointly analyze wage dynamics and the incidence of profit-sharing in West Germany. Our findings reveal a significantly positive conditional correlation of wages and the incidence of profit-sharing. Furthermore, they indicate that permanent unobserved individual ability is comparatively more important in the profit-sharing than in the wage equation and show that shocks have a long-lasting effect on transitory wages but not on the incidence of profit-sharing. Hence, the results support theoretical predictions that selection into profit-sharing is mostly due to unobservable ability and that profit-sharing ties wages more closely to productivity. |
|
| dc.language |
eng |
|
| dc.publisher |
Deutsches Institut für Wirtschaftsforschung (DIW) Berlin |
|
| dc.relation |
DIW-Diskussionspapiere 663 |
|
| dc.rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen |
|
| dc.subject |
J33 |
|
| dc.subject |
J31 |
|
| dc.subject |
C35 |
|
| dc.subject |
C33 |
|
| dc.subject |
D31 |
|
| dc.subject |
ddc:330 |
|
| dc.subject |
generalized estimating equations |
|
| dc.subject |
covariance structure |
|
| dc.subject |
longitudinal data |
|
| dc.subject |
real wages |
|
| dc.subject |
variable pay |
|
| dc.subject |
Zeitreihenanalyse |
|
| dc.subject |
Panel |
|
| dc.subject |
Varianzanalyse |
|
| dc.subject |
Reallohn |
|
| dc.subject |
Erfolgsbeteiligung |
|
| dc.subject |
Schätzung |
|
| dc.subject |
Deutschland |
|
| dc.title |
GEE Estimation of a Two-Equation Panel Data Model: An Analysis of Wage Dynamics and the Incidence of Profit-Sharing in West Germany |
|
| dc.type |
doc-type:workingPaper |
|