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Semiparametric Regression with Kernel Error Model

Yuan, Ao; Gooijer, Jan G. De - Tinbergen Institute

We propose and study a class of regression models, in which the mean function is specified parametrically as in the existing regression methods, but the residual distribution is modeled nonparametrically by a kernel estimator, without imposing any assumption on its distribution. This...

Persistent link: https://www.econbiz.de/10005136970

MDL Mean Function Selection in Semiparametric Kernel Regression Models

Gooijer, Jan G. De; Yuan, Ao - Tinbergen Institute - 2008

We study the problem of selecting the optimal functional form among a set of non-nested nonlinear mean functions for a semiparametric kernel based regression model. To this end we consider Rissanen's minimum description length (MDL) principle. We prove the consistency of the proposed MDL...

Persistent link: https://www.econbiz.de/10005137347

Early Retirement Behaviour in the Netherlands: Evidence from a Policy Reform

Euwals, Rob; Vuuren, Daniel J. van; Wolthoff, Ronald P. - Tinbergen Institute - 2006

In the early 1990s, the Dutch social partners agreed upon transforming the generous and actuarially unfair PAYG early retirement schemes into less generous and actuarially fair capital funded schemes. The starting dates of the transitional arrangements varied by industry sector. In this study,...

Persistent link: https://www.econbiz.de/10005144577

Mixed Hitting-Time Models

Abbring, Jaap H. - Tinbergen Institute

discussing the relative merits of the MHT and MPH models as complementary frameworks for econometric duration analysis. …

Persistent link: https://www.econbiz.de/10004987437

A Dynamic Model of Commutes

Rouwendal, Jan; Vlist, Arno van der - Tinbergen Institute - 2002

This paper studies the interaction between job mobility and housing mobility by considering the duration of commutes … to the former. This implies that the duration of commutes that start with a job change is often short, because of a … empirical findings in a formal model, we specify duration models that focus on the time during which employment …

Persistent link: https://www.econbiz.de/10005136863

The Unobserved Heterogeneity Distribution in Duration Analysis

Abbring, Jaap H.; Berg, Gerard J. van den - Tinbergen Institute - 2006

multivariate duration models. …

Persistent link: https://www.econbiz.de/10005137283

Asymmetric Information and List Price Reductions in the Housing Market

Wit, Erik R. de; Klaauw, Bas van der - Tinbergen Institute - 2010

In housing markets with asymmetric information list prices may signal unobserved properties of the house or the seller. Asymmetric information is the starting point of many models for the housing market. In this paper, we estimate the causal effect of list-price reductions to test for the...

Persistent link: https://www.econbiz.de/10008838556

Job Search Requirements for Older Unemployed: Transitions to Employment, Early Retirement and Disability Benefits

Bloemen, Hans; Hochguertel, Stefan; Lammers, Marloes - Tinbergen Institute - 2011

search activity at the moment they turned 57.5. Estimating various duration models using difference-in-difference and …

Persistent link: https://www.econbiz.de/10008838564

Cross- and Auto-Correlation Effects arising from Averaging: The Case of US Interest Rates and Equity Duration

Hallerbach, Winfried G. - Tinbergen Institute - 2000

duration analysis, viz. when estimating the relationship between interest rates and financial market variables like equity or …

Persistent link: https://www.econbiz.de/10005209446

Unequal Chances on a Flexible Labor Market, The Case of the Netherlands

Bijwaard, Govert E.; Veenman, Justus - Tinbergen Institute - 2008

rate models that account for both the stock-sampling and the possible maximum duration for the transitions from … unemployment, household care and disability to employment. Then we decompose the differences in expected duration between the …

Persistent link: https://www.econbiz.de/10005144417