Hausman, Jerry; Woutersen, Tiemen - In: Econometric Reviews 33 (2014) 5-6, pp. 472-496
This paper presents a new estimator for counterfactuals in duration models. The counterfactual in a duration model is the length of the spell in case the regressor would have been different. We introduce the structural duration function, which gives these counterfactuals. The advantage of...