The acceleration of productivity since 1995 has prompted a debate over whether the economy's underlying growth rate will remain high. In this paper, we propose a methodology for estimating trend growth that draws on growth theory to identify variables other than productivity - namely consumption...

We study the labor supply dynamics of elderly couples by means of a structural collective model.The model allows for general externalities with respect to spouses leisure.Preferences and the intrahousehold bargaining process are identified by using panel data with couples and individuals who...

In a binary choice panel data model with individual effects and two time periods, Manski proposed the maximum score estimator, based on a discontinuous objective function, and proved its consistency under weak distributional assumptions. However, the rate of convergence of this estimator is low...