Estimating Earnings Dynamics with Micro Data

Research Project

Project/Area Number	21730171
Research Category	Grant-in-Aid for Young Scientists (B)
Allocation Type	Single-year Grants
Research Field	Economic statistics
Research Institution	University of Tsukuba
Principal Investigator	OKUBO Masakatsu 筑波大学, システム情報系, 准教授 (30334600)
Project Period (FY)	2009 – 2011
Project Status	Completed (Fiscal Year 2011)
Budget Amount *help	¥3,640,000 (Direct Cost: ¥2,800,000、Indirect Cost: ¥840,000) Fiscal Year 2011: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000) Fiscal Year 2010: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000) Fiscal Year 2009: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Keywords	ミクロ計量分析 / 労働所得リスク / 不完備市場モデル
Research Abstract	This study creates panel data sets of Japanese male earnings from the Japanese Panel Survey of Consumers compiled by the Institute for Research on Household Economics, and then attempts to estimate earnings dynamics models. After taking into account various factors such as sample selection procedures, measurement error, educational backgrounds, and occupational differences, we find that the profile heterogeneity model cannot be statistically rejected. This finding is consistent with the recent US data-based debate that the existing assumption of highly persistent earnings shocks may be inappropriate.

Report

(4 results)