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simple simulation experiments. -- Dynamic discrete choice models ; initial conditions ; dynamic probit ; panel data …
Persistent link: https://www.econbiz.de/10003557347
This paper develops a model for dynamic binary choice panel data that allows for unobserved heterogeneity to be … finite sample performance of our GMM estimators. -- dynamic discrete choice ; fixed effects ; panel data ; initial values …
Persistent link: https://www.econbiz.de/10009680993
We study the effect of childbirth and its timing on female labour market outcomes in Italy. The impact on yearly labour earnings and participation is traced up to 21 years since school completion by estimating a factor analytic model with dynamic selection into treatments. We find that...
Persistent link: https://www.econbiz.de/10011785806
This paper develops a generalized hedonic model in which an exogenous shock to a single product attribute can affect other attributes, the markets for the product's complements and substitutes, and aggregate quantity produced. These factors are shown to be empirically relevant and to cause bias...
Persistent link: https://www.econbiz.de/10009787341
This paper makes use of a natural experiment to examine effects of potential capital losses and general attractiveness of pension schemes on employees' propensity to change jobs. On January 1st 2004, the two largest pension funds in the Netherlands, for civil servants and for the health care...
Persistent link: https://www.econbiz.de/10011671038
We compare the performance of maximum likelihood (ML) and simulated method of moments (SMM) estimation for dynamic …
Persistent link: https://www.econbiz.de/10010418037
consistent with economic theory. The general model we suggest may provide future research with an interesting setting to test …
Persistent link: https://www.econbiz.de/10002548780
estimated by the Simulated Method of Moments with Indirect Inference using data from the British Household Panel Study. Results …
Persistent link: https://www.econbiz.de/10014582273
This paper develops a simulation estimation algorithm that is particularly useful for estimating dynamic panel data …
Persistent link: https://www.econbiz.de/10003824296
Researchers are often interested in estimating the causal effect of some treatment on individual criminality. For example, two recent relatively prominent papers have attempted to estimate the respective direct effects of marriage and gang participation on individual criminal activity. One...
Persistent link: https://www.econbiz.de/10003895082