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Wasmer, Etienne; Zenou, Yves - 2000

We investigate the role of spatial frictions in search equilibrium unemployment. For that, we develop a model of the labor market in which workers? location in an agglomeration depends on commuting costs, the endogenous price of land and the value of job search and employment. We first show that...

Persistent link: https://www.econbiz.de/10011336862

Private notes on Gary Becker

Heckman, James J. - 2014

Persistent link: https://www.econbiz.de/10010358858

How urbanization affects employment and social interactions

Satō, Yasuhiro; Zenou, Yves - 2014

We develop a model where the unemployed workers in the city can find a job either directly or through weak or strong ties. We show that, in denser areas, individuals choose to interact with more people and meet more random encounters (weak ties) than in sparsely populated areas. We also...

Persistent link: https://www.econbiz.de/10010238209

Bayesian exploratory factor analysis

Conti, Gabriella; Frühwirth-Schnatter, Sylvia; … - 2014

This paper develops and applies a Bayesian approach to Exploratory Factor Analysis that improves on ad hoc classical approaches. Our framework relies on dedicated factor models and simultaneously determines the number of factors, the allocation of each measurement to a unique factor, and the...

Persistent link: https://www.econbiz.de/10010386488

Causal analysis after Haavelmo

Heckman, James J.; Pinto, Rodrigo - 2013

Haavelmo's seminal 1943 paper is the first rigorous treatment of causality. In it, he distinguished the definition of causal parameters from their identification. He showed that causal parameters are de fined using hypothetical models that assign variation to some of the inputs determining...

Persistent link: https://www.econbiz.de/10010194763

Key players in co-offending networks

Lindquist, Matthew J.; Zenou, Yves - 2014

empirical tests of the key player policy in a real world setting. This policy defines a micro-founded strategy for removing the … theoretical predictions of the key player policy with real world outcomes. By focusing on networks for which the key player has … disappeared over time, we show that the theoretical predicted crime reduction is close to what is observed in the real world. We …

Persistent link: https://www.econbiz.de/10010252606

Gary Becker : model economic scientist

Heckman, James J. - 2015

This paper presents Gary Becker's approach to conducting creative, empirically fruitful economic research. It describes the traits and methodology that made him such a productive and influential scholar.

Persistent link: https://www.econbiz.de/10010477886

Introduction to a theory of the allocation of time by Gary Becker

Heckman, James J. - 2014

Gary Becker's classic study, A Theory of the Allocation of Time, laid the analytical foundations for the study of … household production and the allocation of time within the household. The analytical framework of household production theory …

Persistent link: https://www.econbiz.de/10010403655

Estimation of dynamic discrete choice models by maximum likelihood and the simulated method of moments

Eisenhauer, Philipp; Heckman, James J.; Mosso, Stefano - 2014

We compare the performance of maximum likelihood (ML) and simulated method of moments (SMM) estimation for dynamic discrete choice models. We construct and estimate a simplified dynamic structural model of education that captures some basic features of educational choices in the United States in...

Persistent link: https://www.econbiz.de/10010418037

United but (un-)equal : human capital, probability of divorce and the marriage contract

Cremer, Helmuth; Pestieau, Pierre; Roeder, Kerstin - 2012

This paper studies how the risk of divorce affects the human capital decisions of a young couple. We consider a setting where complete specialization (one of the spouses uses up all the education resources) is optimal with no divorce risk. Symmetry in education (both spouses receive an equal...

Persistent link: https://www.econbiz.de/10009674949