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Slovakia<br />

Years m<br />

Relative<br />

wage<br />

H/H0<br />

Theoretical<br />

gamma<br />

1991 2.58% 6.45 1.46873477 1.64763385<br />

1992 2.7% 6.45 1.4892406 1.67761783<br />

1993 2.6% 6.45 1.4697677 1.64914115<br />

1994 2.6% 6.45 1.47301471 1.65388147<br />

1995 2.8% 6.45 1.51564259 1.71641074<br />

1996 3.2% 6.45 1.60724349 1.85260619<br />

1997 12.9% 6.45 4.6149567 7.36183927<br />

1998 2.9% 6.45 1.53038935 1.73816948<br />

H/H0<br />

Theoretical<br />

gamma 0.75 H/H0 Observed<br />

1999 2.2% 6.45 1.40069843 1.54907753 1.15<br />

2000 2.2% 6.45 1.40302605 1.55242543 1.18<br />

2001 2.3% 6.45 1.40953196 1.56179214 1.14<br />

2002 1.7% 6.45 1.30212844 1.40889314 1.29<br />

2003 2.1% 6.45 1.37338221 1.50991585 1.39<br />

2004 2.3% 6.45 1.41819467 1.57428468 1.64<br />

mean 1.67685369 2.03240634 1.298359092<br />

st dev 0.84897248 1.53780104 0.193389725<br />

p-value 0.33146386 0.03335169<br />

t test 0.98965542 2.24698933<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 2.6% 6.45 1.001828 1.03337717 1.136683892<br />

1992 2.7% 6.45 1.001873 1.03463308 1.142071873<br />

1993 2.6% 6.45 1.00183032 1.03344076 1.13695628<br />

1994 2.6% 6.45 1.00183758 1.03364045 1.137811848<br />

1995 2.8% 6.45 1.00192756 1.03622995 1.148949564<br />

1996 3.2% 6.45 1.00208884 1.04160296 1.17231558<br />

1997 12.9% 6.45 0.99596576 1.14649776 1.715733663<br />

1998 2.9% 6.45 1.00195641 1.03711222 1.152762524<br />

H/H0<br />

Observed<br />

1999 2.2% 6.45 1.00166139 1.02910768 1.118505644 1.15<br />

2000 2.2% 6.45 1.00166754 1.02925644 1.119135442 1.18<br />

2001 2.3% 6.45 1.00168457 1.02967119 1.120892749 1.14<br />

2002 1.7% 6.45 1.00136892 1.02262105 1.091289199 1.29<br />

2003 2.1% 6.45 1.00158665 1.02734714 1.111071301 1.39<br />

2004 2.3% 6.45 1.00170685 1.03022109 1.123225746 1.64<br />

mean 1.00135596 1.04033992 1.173386093 1.298359<br />

st dev 0.00156157 0.03090919 0.157366412 0.19339<br />

p-value 0.05439614 0.58187444 0.212921992<br />

t test 2.01462061 0.5576188 1.276906321<br />

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