Parametric and semiparametric model representations of the conditional mean of wages: Do they make a difference against nonparametric ones?

This study is concerned with the validation of parametric functional representations of the conditional mean of wages using Philippine data. This is done in the light of studies confirming relative weaknesses associated with parametric approaches to the modelling of human capital earnings functions...

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Main Author: Dacuycuy, Lawrence B.
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Published: Animo Repository 2012
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Online Access:https://animorepository.dlsu.edu.ph/faculty_research/586
https://animorepository.dlsu.edu.ph/context/faculty_research/article/1585/type/native/viewcontent
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Institution: De La Salle University
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spelling oai:animorepository.dlsu.edu.ph:faculty_research-15852021-11-27T06:07:54Z Parametric and semiparametric model representations of the conditional mean of wages: Do they make a difference against nonparametric ones? Dacuycuy, Lawrence B. This study is concerned with the validation of parametric functional representations of the conditional mean of wages using Philippine data. This is done in the light of studies confirming relative weaknesses associated with parametric approaches to the modelling of human capital earnings functions (Zheng, 2000; Heckman et al., 2003; Lemieux, 2003; Miles and Mora, 2003). Extending the approaches in Lemieux (2003), Zheng (2000) and Miles and Mora (2003), we conduct consistent specification tests not only on parametric functional forms but also on the semiparametric partially linear model to verify the effect of modelling choice on the schooling-earnings as well as the experience-earnings relationships. Test results indicate that parametric models may still be valid representations of the wage function. In some instances, the semiparametric partially linear wage function holds promise as a modelling alternative to parametric models. © 2012 Taylor & Francis. 2012-05-01T07:00:00Z text text/html https://animorepository.dlsu.edu.ph/faculty_research/586 https://animorepository.dlsu.edu.ph/context/faculty_research/article/1585/type/native/viewcontent Faculty Research Work Animo Repository Wages--Philippines Human capital--Philippines Economics
institution De La Salle University
building De La Salle University Library
continent Asia
country Philippines
Philippines
content_provider De La Salle University Library
collection DLSU Institutional Repository
topic Wages--Philippines
Human capital--Philippines
Economics
spellingShingle Wages--Philippines
Human capital--Philippines
Economics
Dacuycuy, Lawrence B.
Parametric and semiparametric model representations of the conditional mean of wages: Do they make a difference against nonparametric ones?
description This study is concerned with the validation of parametric functional representations of the conditional mean of wages using Philippine data. This is done in the light of studies confirming relative weaknesses associated with parametric approaches to the modelling of human capital earnings functions (Zheng, 2000; Heckman et al., 2003; Lemieux, 2003; Miles and Mora, 2003). Extending the approaches in Lemieux (2003), Zheng (2000) and Miles and Mora (2003), we conduct consistent specification tests not only on parametric functional forms but also on the semiparametric partially linear model to verify the effect of modelling choice on the schooling-earnings as well as the experience-earnings relationships. Test results indicate that parametric models may still be valid representations of the wage function. In some instances, the semiparametric partially linear wage function holds promise as a modelling alternative to parametric models. © 2012 Taylor & Francis.
format text
author Dacuycuy, Lawrence B.
author_facet Dacuycuy, Lawrence B.
author_sort Dacuycuy, Lawrence B.
title Parametric and semiparametric model representations of the conditional mean of wages: Do they make a difference against nonparametric ones?
title_short Parametric and semiparametric model representations of the conditional mean of wages: Do they make a difference against nonparametric ones?
title_full Parametric and semiparametric model representations of the conditional mean of wages: Do they make a difference against nonparametric ones?
title_fullStr Parametric and semiparametric model representations of the conditional mean of wages: Do they make a difference against nonparametric ones?
title_full_unstemmed Parametric and semiparametric model representations of the conditional mean of wages: Do they make a difference against nonparametric ones?
title_sort parametric and semiparametric model representations of the conditional mean of wages: do they make a difference against nonparametric ones?
publisher Animo Repository
publishDate 2012
url https://animorepository.dlsu.edu.ph/faculty_research/586
https://animorepository.dlsu.edu.ph/context/faculty_research/article/1585/type/native/viewcontent
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