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We measure labor market frictions using a strategy that bridges design-based and structural approaches: estimating an equilibrium search model using reduced-form minimum wage elasticities identified from border discontinuities and fitted with Bayesian and LIML methods. We begin by providing the...
Persistent link: https://www.econbiz.de/10009144857
apply Bayesian procedures as a numerical tool for the estimation of a female labor supply model based on a sample size which … Bayesian procedures can be a beneficial tool for the estimation of dynamic discrete choice models. …
Persistent link: https://www.econbiz.de/10011279342
Real wages are a key determinant of marginal costs. The latter themselves are a driving force of inflation. We ask how wages and labor market shocks feed into the inflation process. We model search and matching frictions in the labour market in an otherwise standard New- Keynesian closed economy...
Persistent link: https://www.econbiz.de/10005762079
parameters are defined and identified to address specific policy problems. Economists embrace a scientific approach to causality …. Anticipated and realized subjective and objective outcomes are distinguished. Models for simultaneous causality are developed. The … paper contrasts the Neyman-Rubin model of causality with the econometric approach. …
Persistent link: https://www.econbiz.de/10005703376
commuters equal to 40 per cent, and the local average treatment effects for compliers are insignificant. In addition, estimation …
Persistent link: https://www.econbiz.de/10005703516
analyzes causality from health to wealth (health causation) and from wealth to health (wealth or social causation) for elderly … recently developed strategy using Granger causality tests of Adams et al. (2003, Journal of Econometrics) with tests for … causality in dynamic panel data models incorporating unobserved heterogeneity. While Adams et al. tests reject the hypothesis of …
Persistent link: https://www.econbiz.de/10005763570
Estimation of average treatment effects under unconfoundedness or exogenous treatment assignment is often hampered by …
Persistent link: https://www.econbiz.de/10005763611
effectively control for the two-way causality between work and health and the existence of unobserved individual characteristics …
Persistent link: https://www.econbiz.de/10008536007
emergence of systematic policy evaluation, with its distinct focus on the establishment of causality. By contrast to the natural …
Persistent link: https://www.econbiz.de/10005233833
commuting time has any effect on worker's labour market supply. Using the Spanish Time Use Survey 2002-03, our GMM/IV estimation …
Persistent link: https://www.econbiz.de/10008855350