A note on the Weibull distribution and time aggregation bias

The application of continuous time Weibull models on discrete unemployment duration data may produce bias in the estimated shape of the hazard rate. The bias can be substantial even for weekly duration data, and it is seriously aggravated if the Weibull model is erroneously mixed with a Gamma distribution for unobserved heterogeneity.

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Year of publication:	2000
Authors:	Røed, Knut ; Zhang, Tao
Publisher:	Oslo : University of Oslo, Department of Economics
Subject:	Schätztheorie \| Dauer \| Arbeitslosigkeit \| Theorie \| Unemployment duration \| Weibull model \| Time aggregation bias

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Series:	Memorandum ; 2000,23
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	323440320 [GVK] hdl:10419/63031 [Handle]
Classification:	C41 - Duration Analysis
Source:	EconStor

Persistent link: https://www.econbiz.de/10010284319