Within our model, we put the fresh new coefficients to own basic (unskilled) gurus so you can zero with regards to normalization
Within our model, we put the fresh new coefficients to own basic (unskilled) gurus so you can zero with regards to normalization where ? k is the vector of h coefficients corresponding to the k th occupation group. The total number of parameters to be estimated is h(N – 1), since coefficients for each element…