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7-11 years of education
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Specification
 
Weight matrix: Inverse of covariance matrix
# Workers                            20000
# Simulations                           10
# Points in F()                        100
# Points in H()                        100
rho fixed at             0.005000000000000
mu fixed at              0.001851851851852
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PARAMETER ESTIMATES
ALPHA                    5.379635850610350       0.001543955099508
NU                       0.889666910654042       0.019160100859020
P_LOW                    4.806562389717355       0.002154258192323
SIG_WRK                  0.065853857809976       0.026202023928918
ETA                      0.788991171728858       0.018942602941002
SIG_INNOV                0.082886480461328       0.009877079676777
GAM1                     0.024079779750014       0.000317106252325
GAM2                    -0.001128080365769       0.000021147550813
GAM3                     0.000014392606883       0.000000409094399
XI0                      0.877801567934312       0.034773262033489
XI1                      0.855116326035800       0.006723838045923
BETA                     0.317837827956235       0.002537829869520
SIG_FRM                  0.161212264692102       0.005917138470231
CLAM0_0                  6.185725569138521       0.022969636901359
CLAM0_1                 83.285459598661419       0.261660412884818
CLAM1_0                 -3.178804255421577       0.005997217808810
CLAM1_1                  6.252381385782757       0.042258091968036
CKAPPA_0                -0.433133957359604       0.015069178130425
CKAPPA_1                 4.516516043201714       0.097295373988653
CDELTA_0                -4.900051444864229       0.004440322229550
 
OBJECTIVE FUNCTION    25741.5194387496    
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FIT TO INCLUDED MOMENTS AFTER 2ND STEP (1ST COL: SIM MOMENT, 2ND COL: REAL MOMENT, 3RD COL: S.D (BOOTSTRAPPED)
 
WAGE GROWTH REGRESSION
Experience, t                                              0.044146087130049       0.062092857171000       0.000758225744388
Experience, t**2                                          -0.001548235703537      -0.002831491065000       0.000046875947090
Experience, t**3                                           0.000019834308568       0.000042364897000       0.000000852142324
S.d. of residuals (in full panel)                          0.122955081562710       0.134166513079000       0.000296567229625
Skewness of residuals (in full panel)                      0.211663688927141       0.009863376915000       0.018024724283569
Kurtosis of residuals (in full panel)                      3.556214423392270       9.217943862375000       0.148493853913751
Order 1 autocovariance of residuals (in full panel)       -0.004136539729548      -0.004485907018000       0.000046920421346
Order 2 autocovariance of residuals (in full panel)       -0.001640954895427      -0.000834164198000       0.000030509158706
Order 3 autocovariance of residuals (in full panel)       -0.000433517395300      -0.000566169513000       0.000026046570927
Order 4 autocovariance of residuals (in full panel)       -0.000347292268547      -0.000569194527000       0.000021961610229
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ACCOUNTING DATA
Mean value added (in full panel)                           5.348423648940296       5.344655687310000       0.001702668281799
S.d. of value added (in full panel)                        0.296291119187793       0.321617941088000       0.001355786537895
Skewness of value added (in full panel)                    0.399087137696974       0.324815066087000       0.015180149435604
Kurtosis of value added (in full panel)                    2.817053550265956       3.845316941483000       0.027577163881125
Mean wage (in full panel)                                  5.177017847211348       5.170720002069000       0.001464256122653
S.d. wage (in full panel)                                  0.273373523870788       0.264099810305000       0.001223368906265
Skewness wage (in full panel)                              0.580929933487379       0.028352723052000       0.020719508830436
Kurtosis wage (in full panel)                              3.115587465054298       4.168870106533000       0.041737543094352
Cov. between va and wage (in full panel)                   0.049429525307677       0.022521621737000       0.000481460561314
Cor. between va and wage (in full panel)                   0.610255011114729       0.265149799679487       0.004967007577452
S.d. within-job growth of in value added                   0.224597473650320       0.203577233591000       0.001031577105489
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DURATION DATA
1-S_UE(12)                                                 0.357559924591100       0.373460333312000       0.009668457158880
S_UE(12)-S_UE(24)                                          0.066452619097789       0.038479656527000       0.004351706295586
S_UE(24)-S_UE(36)                                          0.047041826571023       0.017656503927000       0.003228453426480
1-S_EU(12)                                                 0.051848536246626       0.095312505269000       0.001361898867300
S_EU(12)-S_EU(24)                                          0.050190360450968       0.047047740002000       0.001085493925557
S_EU(24)-S_EU(36)                                          0.046402499588900       0.039231975316000       0.001117864029556
1-S_EE(12)                                                 0.134579663634425       0.164571748221000       0.001671485287806
S_EE(12)-S_EE(24)                                          0.108250917404705       0.113663096984000       0.001551224980841
S_EE(24)-S_EE(36)                                          0.086606614681729       0.076658500904000       0.001381402072147
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WAGE REGRESSION (NO LEFT CENSORED JOBS
Non-left-censored seniority, s2                            0.007068403439124       0.027878665819000       0.000511599043405
Non-left-censored seniority, s2**2                         0.000200875464213      -0.003508285500000       0.000085406689330
Non-left-censored seniority, s2**3                        -0.000014410974338       0.000129789748000       0.000003748339035
Experience, t                                              0.038205840143492       0.034955143749000       0.000477629028043
Experience, t**2                                          -0.001721282544005      -0.001686280123000       0.000033203716784
Experience, t**3                                           0.000022507881453       0.000026982765000       0.000000676907948
Mean firm effect (in full panel)                           4.910599501944732       4.901166346796000       0.001971125303682
S.d. of firm effects (in full panel)                       0.169024123891481       0.160856078600000       0.000573068436599
Skewness of firm effects (in full panel)                   0.705017485956615      -0.001317515906000       0.015834954318507
Kurtosis of firm effects (in full panel)                   2.506113927622243       5.091841917497000       0.045323091875674
S.d. of worker effects (in full panel)                     0.116554171685970       0.119004140830000       0.000489127139715
Skewness of worker effects (in full panel)                 0.030351649561670       0.259575478824000       0.026492305291415
Kurtosis of worker effects (in full panel)                 3.613379634285888       7.809014531307000       0.125479355056563
S.d. of residuals (in full panel)                          0.132464012387625       0.137980984492000       0.000283525221796
Skewness of residuals (in full panel)                     -0.150395004092649      -0.120575028479000       0.010696099426598
Kurtosis of residuals (in full panel)                      3.789388316289285       6.248167854539000       0.057000031142581
Order 1 autocovariance of residuals                        0.001775843508325       0.002317157543000       0.000034653962239
Order 2 autocovariance of residuals                       -0.000852358872113      -0.000158638586000       0.000024889029468
Order 3 autocovariance of residuals                       -0.001283480409861      -0.001268973946000       0.000023408642745
Order 4 autocovariance of residuals                       -0.001233458230961      -0.001560996279000       0.000020825885464
 
OBJECTIVE FUNCTION    25741.5194387496    
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