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University Prestige and Choice of Major Field: Evidence from South Korea

Kang, Changhui - Econometric Society - 2004

Unlike previous studies on major choice of university students, this study considers a university's prestige in their choice of a major field. This study sets up an estimation model for a joint decision about where to go to university (prestigious or non-prestigious) and what major field to...

Persistent link: https://www.econbiz.de/10005086437

Dispersion of Human Capital and Economic Growth

Park, Jungsoo - Econometric Society - 2004

Based on a theoretical consideration of human capital production technology, this study empirically investigates the growth implication of dispersion of population distribution in terms of educational attainment levels. Based on a pooled 5-year interval time-series data set of 94 developed and...

Persistent link: https://www.econbiz.de/10005342367

Joint estimation of sequential labor force participation and fertility decisions using Markov chain Monte Carlo techniques

Buddelmeyer, Hielke; Troske, Kenneth - Econometric Society - 2004

Three basic mechanisms are behind the statistical relationship between fertility decisions and labor force participation decisions. 1) Causal direct effect: the time spent in child-care reduces the labor market effort leading to a temporary drop in post-birth labor force participation. 2) Causal...

Persistent link: https://www.econbiz.de/10005328989

TOPOLOGIES OF SOCIAL INTERACTIONS

Ioannides, Yannis M. - Econometric Society - 2004

We examine in this paper the role of an economy's social interaction structure, defined as a graph. Individuals care about the decisions of their neighbors. We extend the behavioral discrete-response rules along the lines of the interactive discrete choice model of Brock and Durlauf (2001) to...

Persistent link: https://www.econbiz.de/10005328995

Wage Differentials Between Union and Non-union Workers: An Econometric Analysis

Shanmugam, K.R.; Madheswaran, S. - Econometric Society - 2004

Abstract It is increasingly recognized that institutional factors such as trade unions do play a dominant role in determining the levels of wages, standard of working conditions. This is more pronounced in the industrial sector of developing economies. The role of labor organizations in the...

Persistent link: https://www.econbiz.de/10005086414

Estimating Dynamic Models of Imperfect Competition

Bajari, Pat; Benkard, Lanier - Econometric Society - 2004

We describe a two-step algorithm for estimating dynamic games where the agents are assumed to play a Markov Perfect equilibrium. In the first step, the policy functions and the law of motion for the state variables are estimated. In the second step, the remaining structural parameters are...

Persistent link: https://www.econbiz.de/10005129809

Market Response Analysis: The Demand System versus Non-Restricted Marketing Models

Wang, Tie - Econometric Society - 2004

. The paper made a multi-criteria comparison between the two well-known demand system models, the AIDS and Translog model … homogeneity restrictions are not imposed. The results indicate that the two-market response models outperform the two demand … system models. This implies some underlying assumptions on which the demand models are derived are not satisfied for the …

Persistent link: https://www.econbiz.de/10005130167

Off with their heads: Terrorism and electoral support for capital punishment in Australia

Fry, Tim R. L.; Felvus, Clare; Davidson, Sinclair; … - Econometric Society - 2004

Recent terrorist attacks such as the attacks on the World Trade Centre in September 2001 have generated new interest in the debate on capital punishment. It has been suggested that support for the death penalty could be higher in the wake of terrorist activity. Using data from the Australian...

Persistent link: https://www.econbiz.de/10005063657

Valuing water reources in developing countries: A semiparametric approach to valuation models

Belluzzo, Walter - Econometric Society - 2004

Valuation of the benefits from the preservation of water resources is often of interest to policy makers and funding institutions. In developing countries, valuation studies are potentially useful for designing funding policies when inequality is a concern. To fulfil this goal, however,...

Persistent link: https://www.econbiz.de/10005699640

Multiple social interactions and reproductive externalities: An investigation of fertility behaviour in Kenya

Weeks, Melvyn; Iyer, Sriya - Econometric Society - 2004

This paper examines empirically the impact of reproductive externalities on fertility behaviour in one developing society - Kenya. We examine this issue by quantifying the effects of group membership on the number of children ever born. The focus of this study is the identification of structural...

Persistent link: https://www.econbiz.de/10005699645