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Low pay transitions and attrition bias in Italy: an analysis using simulation based estimation

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Figure

Table 1: Transition probabilities into 1995 status for the sample of 1993 wage earners aged from 18 to 65 belonging to panel households (low pay defined as bottom quintile of hourly wage distribution)
Table 2: Probit estimates (marginal effects) for the probability of having a valid wage in 1993 and 1995 (asymptotic t-ratios in parentheses).
Fig. 1: The structure of the trivariate nested probit Prob(R i =1)
Table 3: Simulated maximum likelihood estimates (asymptotic t-ratios) of the sequentially nested trivariate probit
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