Showing 1 - 10 of 437
This paper presents a convenient shortcut method for implementing the Heckman estimator of the dynamic random effects probit model using standard software. It then compares the three estimators proposed by Heckman, Orme and Wooldridge based on three alternative approximations, first in an...
Persistent link: https://www.econbiz.de/10005703243
Since little is known about the degree of bias in estimated fixed effects in panel data models, we run Monte Carlo … simulations on a range of different estimators. We find that Anderson-Hsiao IV, Kiviet’s bias-corrected LSDV and GMM estimators …
Persistent link: https://www.econbiz.de/10005761982
This paper introduces bias-corrected estimators for nonlinear panel data models with both time invariant and time …/selection bias. We then estimate the primary equation by fixed effects including an appropriately constructed control function from … both steps might employ nonlinear fixed effects procedures it is necessary to bias adjust the estimates due to the …
Persistent link: https://www.econbiz.de/10005703287
This paper exploits the complex sequential structure of the diary data in the American Heritage Time Use Study (AHTUS) and constructs three classes of indicators that capture the quality of leisure ('pure leisure', 'co-present leisure' and 'leisure fragmentation') to show that the relative...
Persistent link: https://www.econbiz.de/10011128024
This paper extends the transformed maximum likelihood approach for estimation of dynamic panel data models by Hsiao …
Persistent link: https://www.econbiz.de/10010552471
-being and age. This paper uses fourteen waves of British panel data to distinguish between two potential explanations of this … shape: a pure life-cycle or aging effect, and a fixed cohort effect depending on year of birth. Panel analysis controlling …
Persistent link: https://www.econbiz.de/10005822661
We examine differences in the value of statistical life (VSL) across potential wage levels in panel data using quantile …
Persistent link: https://www.econbiz.de/10008527320
This paper develops a model for dynamic binary choice panel data that allows for unobserved heterogeneity to be …
Persistent link: https://www.econbiz.de/10010598555
. Using a bias-corrected likelihood approach makes it possible to reduce the estimation bias to a term of order 1/T². The … small sample performance of the bias corrected estimator is investigated in a Monte Carlo simulation study. The simulation … results show that the bias of the maximum likelihood estimator is substantially corrected for designs that are broadly …
Persistent link: https://www.econbiz.de/10008568303
on panel data and, departing from usual practice, allow the public wage markup to vary over time. We also provide one of …
Persistent link: https://www.econbiz.de/10005822485