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Education Maintenance Allowance (EMA) was a UK government cash transfer paid directly to children aged 16-18, in the first two years of post-compulsory full-time education. This paper uses the labour supply effect of EMA to infer the magnitude of the transfer response made by the parent, and so...
Persistent link: https://www.econbiz.de/10010477535
theory of revealed altruism comes closest to explaining our results. …
Persistent link: https://www.econbiz.de/10013209845
The purpose of this paper is to develop a model that integrates inventory and labor decisions. We extend a model of … inventory behavior to include a detailed specification of the role of labor input in the production process and of the costs … and the role of labor hoarding as an explanation of procyclical productivity and the persistence of inventory stocks …
Persistent link: https://www.econbiz.de/10011406897
This survey is devoted to the statistical analysis of duration models and point processes. The first section introduces specific concepts and definitions for single-spell duration models. Section two is devoted to the presentation of conditional duration models which incorporate the effects of...
Persistent link: https://www.econbiz.de/10003635142
Dynamic discrete-choice models are an important tool in studies of state dependence in benefit receipt. A common 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/10011453987
We propose a general methodology to measure labour market dynamics, inspired by the search and matching framework, based on the estimate of the transition rates between labour market states. We show how to estimate instantaneous transition rates starting from discrete time observations provided...
Persistent link: https://www.econbiz.de/10012494876
There have been more than 500,000 opioid overdose deaths since 2000. To analyze the opioid epidemic, a model is constructed where individuals choose whether to use opioids recreationally, knowing the probabilities of addiction and dying. These odds are functions of recreational opioid usage....
Persistent link: https://www.econbiz.de/10013382024
This survey is devoted to the modelling and the estimation of reduced-form transition models, which have been extensively used and estimated in labor microeconometrics. The first section contains a general presentation of the statistical modelling of such processes using continuous-time...
Persistent link: https://www.econbiz.de/10003287608
"Economic theory and empirical evidence clearly show that social exclusion dimensions are inter …
Persistent link: https://www.econbiz.de/10003451838
This paper discusses a set of statistics for examining and comparing labor market dynamics based on the estimation of continuous time Markov transition processes. It then uses these to establish stylized facts about dynamic patterns of movement using panel data from Argentina, Brazil and Mexico....
Persistent link: https://www.econbiz.de/10003557346