Showing 1 - 10 of 248
This paper shows how to build algorithms that use graphics processing units (GPUs) installed in most modern computers to solve dynamic equilibrium models in economics. In particular, we rely on the compute unified device architecture (CUDA) of NVIDIA GPUs. We illustrate the power of the approach...
Persistent link: https://www.econbiz.de/10008619317
I survey the evidence on patterns in U.S. high school graduation rates over the period 1970-2010 and report the results of new research conducted to fill in holes in the evidence. I begin by pointing out the strengths and limitations of existing data sources. I then describe six striking...
Persistent link: https://www.econbiz.de/10011095620
We survey 561 students from U.S. medical schools shortly after they submit choice rankings over residencies to the National Resident Matching Program. We elicit (a) these choice rankings, (b) anticipated subjective well-being (SWB) rankings, and (c) expected features of the residencies (such as...
Persistent link: https://www.econbiz.de/10011123619
This paper provides concordance procedures for product-level trade and production data in the EU and examines the implications of changing product classifications on measured product adding and dropping at Belgian firms. Using the algorithms developed by Pierce and Schott (2012a,b), the paper...
Persistent link: https://www.econbiz.de/10010821934
Two otherwise identical firms that enter the same market in different months, one in January and one in December, will report dramatically different annual sales for the first calendar year of operations. This partial year effect in annual data leads to downward biased observations of the level...
Persistent link: https://www.econbiz.de/10010821944
Inconsistent censoring of top earnings in the public-use March Current Population Survey (CPS) is an important limitation in using it to measure labor earnings trends. Using less-censored internal CPS data, combined with Pareto estimates from it for internally censored observations, we create an...
Persistent link: https://www.econbiz.de/10010796551
Recent research on United States levels and trends in income inequality vary substantially in how they measure income. Piketty and Saez (2003) examine market income of tax units based on IRS tax return data, DeNavas-Walt, Proctor, and Smith (2012) and most CPS-based research uses pre-tax,...
Persistent link: https://www.econbiz.de/10010796661
asymptotic bias in parametric models allowing for correlation of the errors with both observables and unobservables. Second, we …
Persistent link: https://www.econbiz.de/10010951180
Social media enable promising new approaches to measuring economic activity and analyzing economic behavior at high frequency and in real time using information independent from standard survey and administrative sources. This paper uses data from Twitter to create indexes of job loss, job...
Persistent link: https://www.econbiz.de/10010951238
We investigate whether living arrangements respond to an arguably exogenous shift in the distribution of power in family economic decision-making. In the early 1990s, the South African Old Age Pension was expanded to cover most black South Africans above a sex-specific age cut-off resulting in a...
Persistent link: https://www.econbiz.de/10010951416