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This paper presents a convenient shortcut method for implementing the Heckman estimator of the dynamic random effects probit model using standard software. It then compares the three estimators proposed by Heckman, Orme and Wooldridge based on three alternative approximations, first in an...
Persistent link: https://www.econbiz.de/10003557347
This paper presents a convenient shortcut method for implementing the Heckman estimator of the dynamic random effects probit model and other dynamic nonlinear panel data models using standard software. It then compares the estimators proposed by Heckman, Orme and Wooldridge, based on three...
Persistent link: https://www.econbiz.de/10008537007
This paper looks at the effects of unemployment on re-employment wage for men using the first seven waves of the British Household Panel Survey (BHPS) conducted over the period 1991- 1997. In particular, how the effect of an interruption changes over time, and whether the type of interruption...
Persistent link: https://www.econbiz.de/10011336854
The issues of persistence in the observed labour market status of men are investigated using the British Household Panel Survey for the period 1991-97. The paper extends previous work in many directions. In particular, problems of endogenous initial conditions, and unobserved heterogeneity, are...
Persistent link: https://www.econbiz.de/10011414818
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This paper presents evidence on the impact of the introduction of the National Minimum Wage using specially designed questions added to wave 9 of the British Household Panel Survey. New direct information on the basic hourly wage rate of hourly paid employees demonstrates the almost complete...
Persistent link: https://www.econbiz.de/10005186705
This paper evaluates the impact on employment of the UK's introduction of a minimum wage in 1999 by exploiting the geographical variation in wages, which meant that the minimum wage's 'bite' into an area's wage distribution differed considerably across the country. The results indicate that,...
Persistent link: https://www.econbiz.de/10005186872
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