Showing 1 - 10 of 15
(non-normality) and heteroskedasticity. … distribution including no condition on the existence of moments allowing for heterogeneity (or heteroskedasticity) of unknown form … condition on error moment existence, allowing for heterogeneity (or heteroskedasticity) of unknown form, noncontinuous …
Persistent link: https://www.econbiz.de/10008855591
In this paper, we address the dynamics associated with living-arrangement decisions of sick, elderly individuals. Using data from the Panel Study of Income Dynamics and its Parental Health Supplement, we construct the complete living-arrangement histories of elderly individuals in need of care....
Persistent link: https://www.econbiz.de/10005100709
This paper analyzes the dynamics of wages and workers' mobility within firms with a hierarchical structure of job levels. The theoretical model proposed by Gibbons and Waldman (1999), that combines the notions of human capital accumulation, job rank assignments based on comparative advantage and...
Persistent link: https://www.econbiz.de/10005417566
In this paper, we formulate and estimate an economic model of labor supply and welfare participation. The model is estimated on data on single men from Quebec drawn from the 1986 Canadian Census. Budget sets for each work-welfare combination - accounting for income taxes, tax credits and welfare...
Persistent link: https://www.econbiz.de/10009191050
Research on health-related work absenteeism focuses primarily on moral hazard issues but seldom discriminates between the types of illnesses that prompt workers to stay home or seek care. This paper focuses on chronic migraine, a common and acute illness that can prove to be relatively...
Persistent link: https://www.econbiz.de/10008873532
nonlinearity. We rely on simulation evidence, involving linear unobserved component ARIMA models, to assess the adequacy of the …
Persistent link: https://www.econbiz.de/10005100511
processes also display heteroskedasticity patterns that are more general than those of existing equilibrium models. We find that … the presence of long memory. We also find that the data support heteroskedasticity patterns that are different from the …
Persistent link: https://www.econbiz.de/10005100611
-estimation. The usual univariate QMLE is, under non-normality, less efficient than the optimal GMM estimator. However, the bivariate …
Persistent link: https://www.econbiz.de/10005100653
We consider the problem of testing whether the observations X1, · · ·, Xn of a time series are independent with unspecified (possibly nonidentical) distributions symmetric about a common known median. Various bounds on the distributions of serial correlation coefficients are proposed:...
Persistent link: https://www.econbiz.de/10005100838
distributional assumptions; (2) inference under heteroskedasticity of unknown form; (3) inference in dynamic models with an unlimited …
Persistent link: https://www.econbiz.de/10005100952