Showing 1 - 10 of 2,620
We examine the impact of Articial Intelligence (AI) on productivity in the context of taxi drivers. The AI we study … improves drivers' productivity by shortening the cruising time, and such gain is accrued only to low-skilled drivers, narrowing … the productivity gap between high- and low-skilled drivers by 14%. The result indicates that AI's impact on human labor is …
Persistent link: https://www.econbiz.de/10013433210
This paper addresses the steep learning curve in Machine Learning faced by noncomputer scientists, particularly social scientists, stemming from the absence of a primer on its fundamental principles. I adopt a pedagogical strategy inspired by the adage "once you understand OLS, you can work your...
Persistent link: https://www.econbiz.de/10014535259
power has become a policy priority. To fill this knowledge gap, this paper introduces a simple simulation method, the …
Persistent link: https://www.econbiz.de/10012418634
paper is to describe the state-of-the-art in simulation and to demonstrate the benefits of linking both model types …
Persistent link: https://www.econbiz.de/10003759271
This paper develops a simulation estimation algorithm that is particularly useful for estimating dynamic panel data … important determinants of participation, while race is much less important. -- Initial conditions ; missing data ; simulation …
Persistent link: https://www.econbiz.de/10003824296
Most econometric models of intrahousehold behavior assume that household decision-making is efficient, i.e., utility realizations lie on the Pareto frontier. In this paper we investigate this claim by adding a number of participation constraints to the household allocation problem. Short-run...
Persistent link: https://www.econbiz.de/10003894480
simple simulation experiments. -- Dynamic discrete choice models ; initial conditions ; dynamic probit ; panel data …
Persistent link: https://www.econbiz.de/10003557347
This paper characterizes optimal income taxation when individuals respond along both the intensive and extensive margins. Individuals are heterogeneous across two dimensions: specifically, their skill and disutility of participation. Preferences over consumption and work effort can differ with...
Persistent link: https://www.econbiz.de/10003944646
Several theoretical contributions, starting with McElroy and Horney (1981) and Manser and Brown (1980), have suggested to model household behavior as a Nash-bargaining game. Since then, very few attempts have been made to operationalize cooperative models of household labor supply for policy...
Persistent link: https://www.econbiz.de/10002597682
-time jobs). The most common use of these models is the simulation of tax-transfer reforms. The simulation is usually interpreted … simulation procedure, however, typically keeps fixed the estimated alternative-specific constants. In this note we argue that … development of a simulation procedure consistent with the comparative static interpretation. The procedure is illustrated with an …
Persistent link: https://www.econbiz.de/10009154578