laborpanelprec dataset

Hours worked and wages (more precision)

Data on 532 males over 10 years (1979-1988) from Ziliak (1997), with more significant digits (seven decimals) than the data originally posted on JBES website with two decimal places (Cameron and Trivedi, 2005). data

Format

A data frame with 5320 observations and 8 variables:

• lnhr: log of annual hours worked
• lnwg: log of of hourly wage
• kids: number of children
• ageh: age
• agesq: quadratic age
• disab: = 1 if bad health
• id: identification code
• year: interview year

Source

http://cameron.econ.ucdavis.edu/mmabook/mmadata.html

laborpanelprec

Section in Text

22.3 Panel GMM Example: Hours and Wages, pp. 754-6

Examples

summary(laborpanelprec)

References

Cameron, A. and Trivedi, P. (2005), "Microeconometrics: Methods and Applications," Cambridge University Press, New York.

Ziliak, J. (1997), "Efficient Estimation With Panel Data when Instruments are Predetermined: An Empirical Comparison of Moment-Condition Estimators," Journal of Business and Economic Statistics, 15, 419-431. https://amstat.tandfonline.com/doi/abs/10.1080/07350015.1997.10524720

Panel Study of Income Dynamics (PSID), https://psidonline.isr.umich.edu