Estimation of the labor participation and wage equation model of Japanese married women by the simultaneous maximum likelihood method

2004 ◽  
Vol 18 (3) ◽  
pp. 301-315 ◽  
Author(s):  
Kazumitsu Nawata ◽  
Masako Ii
Keyword(s):  
Maximum Likelihood ◽  
Maximum Likelihood Method ◽  
Equation Model ◽  
Married Women ◽  
Wage Equation ◽  
Likelihood Method ◽  
Labor Participation

scholarly journals Estimation of the Wage and Employment Equation Model on Urban Labor Market by the Simultaneous Maximum Likelihood Method

2017 ◽  
Vol 12 (4) ◽  
pp. 231
Author(s):  
Xiao Du ◽  
Zhang Hao
Keyword(s):  
Labor Market ◽  
Maximum Likelihood ◽  
Maximum Likelihood Method ◽  
Equation Model ◽  
Return Rate ◽  
Female Employment ◽  
Likelihood Method ◽  
Employment Elasticity ◽  
Urban Labor ◽  
Urban Labor Market

This paper estimates wage and employment equation model on urban labor market by the simultaneous maximum likelihood method with CHIP-2002. The results show: human capital, personal ability and father’s education background of a person will affect his/her market wage; Partner’s income and preschool children have a negative effect on female employment probability but have no effect on male employment probability; Female return rate to education is 9.65% and employment elasticity to wage is 1.27; Male return rate to education is 5.93% and employment elasticity to wage is 0.45; Conventional Heckman two step procedure and Probit MLE underestimate the return rate to education and employment elasticity to wage.

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