Similar Search Results

An empirical examination of household public goods provision

Yamada, Ken; Naito, Hisahiro - Econometric Society - 2004

Households have many economic roles in society. One of such roles is to share household-level public goods that are jointly consumed by members of the household. Several theoretical models have been proposed in the literature: the unitary model, the non-cooperative game theoretical model and the...

Persistent link: https://www.econbiz.de/10005342202

Better Husbands or Better Jobs: The Dynamics of Womenâ€™s College Attendance Decisions

Ge, Suqin - Econometric Society - 2004

I develop and structurally estimate a sequential model of school attendance, employment and marital choices of young women to investigate the determinants of womenâ€™s college attendance decisions. The environment that individuals in this model face is rich. Investments in schooling and...

Persistent link: https://www.econbiz.de/10005342269

Searching for Mr. Right: The duration of remaining single based on evidence from Japan

Matsui, Miki - Econometric Society - 2004

The age at first marriage for women has increased in Japan over the past decade. Previous studies show both rising female labor force participation and education levels attribute to the delay in marriage for women, but only for a small fraction. Applying search theory indicates that the utility...

Persistent link: https://www.econbiz.de/10005702573

Stochastic Frontier Models With Correlated Error Components

Smith, Murray D - Econometric Society - 2004

employing the copula approach to statistical modelling, the joint behaviour of U and V can be parameterised thereby allowing the … copula approach are given: the first is algebraic (the Logistic-Exponential stochastic frontier model with margins bound by … the Fairlie-Gumbel-Morgenstern copula) and the second and third are empirically oriented, using data sets well-known in …

Persistent link: https://www.econbiz.de/10005702594

Estimation of Copula-Based Semiparametric Time Series Models

Fan, Yanqin; Chen, Xiaohong - Econometric Society - 2004

This paper studies the estimation of a class of copula-based semiparametric stationary Markov models. These models are … characterized by nonparametric invariant (or marginal) distributions and parametric copula functions that capture the temporal … simulate, and can be expressed as semiparametric regression transformation models. One advantage of this copula approach is to …

Persistent link: https://www.econbiz.de/10005702756

Country Insurance

Yeyati, Eduardo Levy; Cordella, Tito - Econometric Society - 2004

To understand the consequences of the presence of international safety nets on governments' incentives to undertake reforms, we model IFIsÂ´ interventions as country insurance policies. We find that country insurance (especially when made contingent on negative external shocks) is more likely...

Persistent link: https://www.econbiz.de/10005328891

Are the directions of stock price changes predictable? A generalized cross-spectral approach

Chung, Jaehun; Hong, Yongmiao - Econometric Society - 2004

Using a generalized cross-spectral approach, we propose a model-free omnibus statistical procedure to check whether the direction of changes in an economic variable is predictable using the history of its past changes. A class of separate inference procedures are also given to gauge possible...

Persistent link: https://www.econbiz.de/10005328959

Country Insurance

Cordella, Tito; Yeyati, Eduardo Levy - Econometric Society - 2004

The recent wave of financial crises has fueled the debate on the effect of IFIs intervention on governments' incentives to undertake reforms. In this paper we treat this intervention more generally as a country insurance contract, and examine its implications in a stylized set-up. More...

Persistent link: https://www.econbiz.de/10005063703

Debt-Constraints or Incomplete Markets? A Decomposition of the Wealth and Consumption Inequality in the U.S

Cordoba, Juan-Carlos - Econometric Society - 2004

The large wealth and consumption inequality in the U.S. is usually attributed to two market frictions: debt constraints and incomplete markets. Recent literature has argued that debt constraints are the critical friction while market incompleteness plays only a secondary role. We evaluate the...

Persistent link: https://www.econbiz.de/10005699585

Stopping Tests in the Sequential Estimation for Multiple Structural Breaks

Urga, Giovanni; Peretti, Christian de - Econometric Society - 2004

In this paper, we propose the use of bootstrapping methods to obtain correct critical values for dating breaks. Following the procedure proposed in Banerjee, Lazarova and Urga (1998), we consider the case of estimating a system with two or more marginal processes and a conditional process....

Persistent link: https://www.econbiz.de/10005328868