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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
Ethnic background is a well recognized complementary factor in human capital accumulation process. This paper investigates how three aspects of ethnicity affect human capital formation: group's quality, size and closeness of ties. Relying on heteroskedasticity to identify parameters in the...
Persistent link: https://www.econbiz.de/10012405730
estimation efficiency, while properly tackling the bias due to unobserved time-invariant characteristics. We assess its …
Persistent link: https://www.econbiz.de/10012034327
We present a dynamic life-cycle model of women's labor supply, marriage, and fertility choices that explicitly incorporates mental and physical health. Correlated mental and physical health production functions are simultaneously estimated, including the endogenous decisions to seek...
Persistent link: https://www.econbiz.de/10014582273
This paper introduces bias-corrected estimators for nonlinear panel data models with both time invariant and time …/selection bias. We then estimate the primary equation by fixed effects including an appropriately constructed control function from … both steps might employ nonlinear fixed effects procedures it is necessary to bias adjust the estimates due to the …
Persistent link: https://www.econbiz.de/10003540299
estimates for a number of reasons. Consequently, if we neglect this potential bias in OLS when estimating the gender wage gap …
Persistent link: https://www.econbiz.de/10011316913
schooling and market ability is found to be positive and is consistent with the existence of a positive "Ability Bias". …
Persistent link: https://www.econbiz.de/10011411639
European countries for more than a decade, we estimate time-varying individual level bias in 'survival expectations' (BSE) at …
Persistent link: https://www.econbiz.de/10012703131
new method to correct for attrition bias. We rely on a 10-years longitudinal data set with a final attrition rate of 10 …
Persistent link: https://www.econbiz.de/10011641596
quantiles of the wage distribution. We account for the selection bias from the annual hours of work decision by developing and …
Persistent link: https://www.econbiz.de/10011959185