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Farhi, Emmanuel - 2009

expected exchange rate depreciations (appreciations) for high (low) interest rate currencies, suggesting that disaster risk is … priced in currency markets. To study the price of disaster risk, we propose a simple structural model that includes both … Gaussian and disaster risk and can be estimated even in samples that do not contain disasters. Estimating the model over the …

Persistent link: https://www.econbiz.de/10012463588

The Evolution of Inequality, Heterogeneity and Uncertainty in Labor Earnings in the U.S. Economy

Cunha, Flavio - 2007

A large empirical literature documents a rise in wage inequality in the American economy. It is silent on whether the increase in inequality is due to greater heterogeneity in the components of earnings that are predictable by agents or whether it is due to greater uncertainty faced by agents....

Persistent link: https://www.econbiz.de/10012465120

Speculative growth : hints from the US economy

Caballero, Ricardo J. (contributor); … - 2004 - [Elektronische Ressource]. - Rev

Persistent link: https://www.econbiz.de/10002111075

Instrumental Variables, Selection Models, and Tight Bounds on the Average Treatment Effect

Heckman, James J. - 2000

This paper exposits and relates two distinct approaches to bounding the average treatment effect. One approach, based on instrumental variables, is due to Manski (1990, 1994), who derives tight bounds on the average treatment effect under a mean independence form of the instrumental variables...

Persistent link: https://www.econbiz.de/10012470929

The Dynamics of Educational Attainment for Blacks, Hispanics, and Whites

Cameron, Stephen V. - 1999

This paper estimates a dynamic model of schooling attainment to investigate the sources of discrepancy by race and ethnicity in college attendance. When the returns to college education rose, college enrollment of whites responded much more quickly than that of minorities. Parental income is a...

Persistent link: https://www.econbiz.de/10012471541

Accounting for Heterogeneity, Diversity, and General Equilibriumin Evaluating Social Programs

Heckman, James J. - 1999

This paper considers the problem of policy evaluation in a modern society with heterogeneous agents and diverse groups with conflicting interests. Several different approaches to the policy evaluation problem are compared including the approach adopted in modern welfare economics, the classical...

Persistent link: https://www.econbiz.de/10012471559

New Methods for Estimating Labor Supply Functions : A Survey

Heckman, James J. - 1982

This paper surveys new methods for estimatifg labor supply functions. A unified framework of analysis is presented. All recent models of labor supply are special cases of a general index function model developed for the analysis o dummy endogenous variables

Persistent link: https://www.econbiz.de/10012478253

Models for the Analysis of Labor Force Dynamics

Flinn, Christopher J. - 1982

This paper presents new econometric methods for the empirical analysis of individual labor market histories. The techniques developed here extend previous work on continuous time models in four ways: (1) A structural economic interpretation of these models is presented. (2) Time varying...

Persistent link: https://www.econbiz.de/10012478254

Labor Supply Estimates For Public Policy Evaluation

Borjas, George J. - 1978

In recent years, the study of labor supply has occupied the attention of a large number of economists. With the growth in interest in the topic and with the inevitable diversity of economic models and statistical methods proposed by new entrants in the field, the literature has developed its own...

Persistent link: https://www.econbiz.de/10012478851

A Beta-Logistic Model for the Analysis of Sequential Labor Force Participation by Married Women

Heckman, James J. - 1975

In this paper, we discuss statistical problems that arise in studying sequences of quantal responses (e.g., labor force participation) in panel data on heterogeneous populations (i.e., populations in which there is unobserved variation in response probabilities). Assuming that response...

Persistent link: https://www.econbiz.de/10012479014