Absolute Risk Aversion and the Returns to Education Individual absolute risk aversion is measured for a sample of 1373 male household heads, using the 1995 wave of the Survey on the Income and Wealth of Italian households. This measure, conditional on financial and real wealth and household income, is used as an instrument for attained education in a standard log earnings equation. I find that,...

Using a sample of male and female workers from the 1992 Employment in Britain survey we estimate a generalised grouped zero-inflated Poisson regression model of employees’ selfreported lateness. Reflecting theoretical predictions from both psychology and economics, lateness is modelled as a function of incentives, the monitoring of and sanctions for lateness within the workplace, job satisfacti...

This paper introduces bias-corrected estimators for nonlinear panel data models with both time invariant and time varying heterogeneity. These models include systems of equations with limited dependent variables and unobserved individual effects, and sample selection models with unobserved individual effects. Our two-step approach first estimates the reduced form by fixed effects procedures to ...

This paper contrasts labour participation behaviour and wages of native and immigrant women. Since the impact of family structure on labor supply differs between natives and immigrants, we explicitly distinguish between part-time and full-time jobs. The choice of jobs is accounted for by an ordered probit selection model with an incidental threshold, thus offering a flexible strategy to address...

Studies of the wage effects of unions in South Africa have been largely concerned with the impact of union membership on the wages of African and White male workers. Consistent with findings in the international literature, these studies have concluded that unions compress the distribution of wages in South Africa, and, more specifically, that racial inequality is lower in the union sector comp...

Comparative Advantage, Segmentation and Informal Earnings: A Marginal Treatment Effects Approach This paper employs recently developed econometric models of marginal treatment effects to analyze the relevance of labor market comparative advantage and segmentation in the participation and earnings performance of workers in formal and informal jobs in Argentina. A novel household data set on info...

Immigrant Performance and Selective Immigration Policy: A European Perspective The European Union aims at a stronger participation by its population in work to foster growth and welfare. There are concerns about the attachment of immigrants to the labour force, and discussions about the necessary policy responses. Integrated labour and migration policies are needed. The employment chances of th...

In standard cross-sectional wage regressions, married men appear to earn 10 to 20 percent more than comparable never-married men. One proposed explanation for this male marriage premium is that men may be selected into marriage on the basis of characteristics valued by employers as well as by spouses or because they earn high wages. This paper examines the selection hypothesis using a “natural ...