Showing 1 - 10 of 26
This paper discusses how specification of probabilistic models for multistate duration data generated by individual choices should be justified on a priori theoretical grounds. Preferences are assumed represented by random utilities, where utilities are viewed as random also to the agent...
Persistent link: https://www.econbiz.de/10010678302
An important problem in the analysis of intertemporal choice processes is how to justify the choice of mathematical structure of the transition probabilities. A related and delicate identification problem is to separate the effect of unobserved variables from the influence on preferences from...
Persistent link: https://www.econbiz.de/10004980810
Dynamic discrete-choice models have been an important tool in studies of state dependence in benefit receipt. An assumption of such models is that benefit receipt sequences follow a conditional Markov process. This property has implications for how estimated period-to-period benefit transition...
Persistent link: https://www.econbiz.de/10010817187
We identify the causal effect of lump-sum severance payments on non-employment duration in Norway by exploiting a discontinuity in eligibility at age 50. We find that a severance payment worth 1.2 months' earnings at the median lowers the fraction re-employed after a year by six percentage...
Persistent link: https://www.econbiz.de/10009493368
This note presents identication results for the mixed proportional hazards model when duration data are interval-censored. Earlier positive results on identication under intervalcensoring require both parametric specication on how covariates enter the hazard functions and assumptions of...
Persistent link: https://www.econbiz.de/10008556609
Econometric duration data are typically interval-censored, that is, not directly observed, but observed to fall within a known interval. Known non-parametric identification results for duration models with unobserved heterogeneity rely crucially on exact observation of durations at a continuous...
Persistent link: https://www.econbiz.de/10004980799
This paper presents results from an evaluation of a Norwegian initiative to combat poverty launched in 2003. Central to the plan is a broad spectrum of rehabilitation and activation measures intended to help long-term social security recipients from welfare to work. We illuminate short-term...
Persistent link: https://www.econbiz.de/10004980905
This paper analyzes the (re)entry of Norwegian mothers into full-time and part-time employment following the first and second birth. Based on theories of job search and human capital depreciation and appreciation a semi-parametric hazard model is estimated, expressing the entry rate as a...
Persistent link: https://www.econbiz.de/10004980934
Amartya Sen has developed the so-called capability approach to meet the criticism that income alone may be insufficient as a measure of economic inequality. This is because knowledge about people’s income does not tell us what they are able to acquire with that income. For example, people with...
Persistent link: https://www.econbiz.de/10010678292
Expected earnings are considered to influence individuals' choice of education. However, the presence of nonpecuniary attributes and the different choice set available to prospective students make identification of this relationship difficult. This paper employs a conditional logit model on...
Persistent link: https://www.econbiz.de/10010678297