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Bayesian Procedures as a Numerical Tool for the Estimation of Dynamic Discrete Choice Models

Haan, Peter; Kemptner, Daniel; Uhlendorff, Arne - Institute for the Study of Labor (IZA) - 2012

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

Do Frictions Matter in the Labor Market? Accessions, Separations and Minimum Wage Effects

Dube, Arindrajit; Lester, T. William; Reich, Michael - Institute for the Study of Labor (IZA) - 2011

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

The Impact of Labor Markets on the Transmission of Monetary Policy in an Estimated DSGE Model

Christoffel, Kai; Kuester, Keith; Linzert, Tobias - Institute for the Study of Labor (IZA) - 2005

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

Matching Methods in Practice: Three Examples

Imbens, Guido W. - Institute for the Study of Labor (IZA) - 2014

There is a large theoretical literature on methods for estimating causal effects under unconfoundedness, exogeneity, or selection-on-observables type assumptions using matching or propensity score methods. Much of this literature is highly technical and has not made inroads into empirical...

Persistent link: https://www.econbiz.de/10010884265

Policy Discontinuity and Duration Outcomes

den Berg, Gerard J. van; Bozio, Antoine; Costa Dias, Monica - Institute for the Study of Labor (IZA) - 2014

Causal effects of a policy change on hazard rates of a duration outcome variable are not identified from a comparison of spells before and after the policy change, if there is unobserved heterogeneity in the effects and no model structure is imposed. We develop a discontinuity approach that...

Persistent link: https://www.econbiz.de/10010959649

Parental Education and Offspring Outcomes: Evidence from the Swedish Compulsory Schooling Reform

Lundborg, Petter; Nilsson, Anton; Rooth, Dan-Olof - Institute for the Study of Labor (IZA) - 2012

In this paper, we exploit the Swedish compulsory schooling reform in order to estimate the causal effect of parental education on son's outcomes. We use data from the Swedish enlistment register on the entire population of males and focus on outcomes such as cognitive skills, non-cognitive...

Persistent link: https://www.econbiz.de/10011279264

Policy Evaluation and Economic Policy Advice

Schmidt, Christoph M. - Institute for the Study of Labor (IZA) - 2007

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

Integrating Personality Psychology into Economics

Heckman, James J. - Institute for the Study of Labor (IZA) - 2011

This paper reviews the problems and potential benefits of integrating personality psychology into economics. Economists have much to learn from and contribute to personality psychology.

Persistent link: https://www.econbiz.de/10009278194

Econometric Causality

Heckman, James J. - Institute for the Study of Labor (IZA) - 2008

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

Self-Selection and the Returns to Geographic Mobility: What Can Be Learned from the German Reunification "Experiment"

Zaiceva, Anzelika - Institute for the Study of Labor (IZA) - 2006

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