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Hungary<br />

Years m<br />

Relative<br />

wage<br />

H/H0<br />

Theoretical<br />

1991 2.4% 4.13 1.09728874 1.30516544<br />

1992 2.4% 4.13 1.09852981 1.30944145<br />

1993 2.5% 4.13 1.10011561 1.3149199<br />

1994 2.5% 4.13 1.09973001 1.31358625<br />

1995 2.5% 4.13 1.10220254 1.32215483<br />

H/H0<br />

Theoretical<br />

gamma 0.75 H/H0 Observed<br />

1996 2.5% 4.13 1.10129153 1.31899305 1.007422948<br />

1997 2.4% 4.13 1.09895988 1.31092556 1.025857855<br />

1998 2.5% 4.13 1.10113979 1.31846693 1.021716036<br />

1999 2.4% 4.13 1.09849191 1.30931072 1.036473156<br />

2000 2.6% 4.13 1.10466223 1.33071897<br />

2001 2.7% 4.13 1.10722902 1.33969871<br />

2002 2.6% 4.13 1.10416335 1.32897872 1.026261935<br />

2003 2.7% 4.13 1.10857627 1.34442946 1.023130316<br />

2004 3.1% 4.13 1.12668322 1.40919263 1.023130316<br />

mean 1.10350456 1.3268559 1.018221396<br />

st dev 0.00747149 0.02642949 0.012733543<br />

p-value 8.6384E-11 1.7713E-11<br />

t test 10.4368837 11.2372025<br />

Years m<br />

Relative<br />

wage<br />

H/H0<br />

Theoretical<br />

alpha 0.33<br />

H/H0<br />

Theoretical<br />

alpha 0.5<br />

H/H0<br />

Theoretical<br />

alpha 0.75<br />

1991 2.4% 4.13 0.99197208 1.00595557 1.038841503<br />

1992 2.4% 4.13 0.99186442 1.00602329 1.039325672<br />

1993 2.5% 4.13 0.99172665 1.00610953 1.039943919<br />

1994 2.5% 4.13 0.99176017 1.00608859 1.039793629<br />

1995 2.5% 4.13 0.99154502 1.00622249 1.040756838<br />

H/H0<br />

Observed<br />

1996 2.5% 4.13 0.99162436 1.00617325 1.040402073 1.007423<br />

1997 2.4% 4.13 0.99182708 1.00604671 1.039493385 1.025858<br />

1998 2.5% 4.13 0.99163756 1.00616504 1.040342966 1.021716<br />

1999 2.4% 4.13 0.99186771 1.00602123 1.039310891 1.036473<br />

2000 2.6% 4.13 0.99133044 1.00635488 1.041713942<br />

2001 2.7% 4.13 0.99110595 1.00649216 1.042711543<br />

2002 2.6% 4.13 0.99137401 1.00632809 1.041519907 1.026262<br />

2003 2.7% 4.13 0.99098789 1.00656385 1.04323468 1.02313<br />

2004 3.1% 4.13 0.98938535 1.00750356 1.050233615 1.02313<br />

mean 0.99142919 1.00628916 1.041258897 1.018221<br />

st dev 0.00065733 0.00039376 0.002896004 0.012734<br />

p-value 0.00021501 0.02379024 0.001324509<br />

t test 4.29651543 2.40113562 3.597051231<br />

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