Life-Cycle Wages and Human Capital Investments: Selection and Missing Data
从生命周期人力资本投资的结构模型推导出个体特定系数的工资方程，处理劳动参与中断和缺失数据问题，利用法国男性私营部门行政面板数据估计，发现中断对平均工资和工资分布有负面影响。
Abstract We derive wage equations with individual-specific coefficients from a structural model of human capital investment over the life-cycle. This model allows for interruptions in labour market participation and deals with missing data and attrition problems. We propose a new framework that deals with missingness at random and is based on factor decompositions that allow for flexible control of selection. Our approach leads to an interactive effect wage specification, which we estimate using long administrative panel data on male wages in the private sector in France. A structural function approach shows that interruptions negatively affect average wages. Interestingly, they also negatively affect the inter-decile range of wages after twenty years. This is only partly due to the fact that interruptions are endogenous.