Bijwaard, Govert (contributor) - 2007
duration data with an endogenous variable for which an
instrument is available. In duration analysis the covariates and/or the …-censoring.
The key variables in duration analysis are the duration till the next event, T, and the
indicator of censoring, δ. The …)-selection standard duration analysis give biased results
of the effect of the bonus on unemployment duration.
A way of adjusting for an …