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 …: the cross-section is small (N = 20), the time dimension is short (T = 5) and the coefficient on the lagged dependent …

This paper introduces bias-corrected estimators for nonlinear panel data models with both time invariant and time … reduced form by fixed effects procedures to obtain estimates of the time variant heterogeneity underlying the endogeneity …/selection bias. We then estimate the primary equation by fixed effects including an appropriately constructed control function from …

This paper extends the transformed maximum likelihood approach for estimation of dynamic panel data models by Hsiao …

This paper exploits the complex sequential structure of the diary data in the American Heritage Time Use Study (AHTUS … 'leisure fragmentation') to show that the relative growth in leisure time enjoyed by less-educated individuals documented in … previous studies has been accompanied by a relative decrease in the quality of that leisure time. These results are not driven …

-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 …

We examine differences in the value of statistical life (VSL) across potential wage levels in panel data using quantile … benefit assessments, increasing the VSL proportionally with changes in income over time. …

This paper develops a model for dynamic binary choice panel data that allows for unobserved heterogeneity to be … eliminate the unobserved heterogeneity term and at the same time to identify the parameters of the model. We then propose GMM …

. 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 …

on panel data and, departing from usual practice, allow the public wage markup to vary over time. We also provide one of … between sectors remain over time, reflecting fluctuations due to specific public policies and to the pro-cyclicality of …