Frijters, Paul; Haisken-DeNew, John P.; Shields, Michael A. - In: Journal of Business & Economic Statistics 29 (2011) 2, pp. 271-281
We introduce a duration model that allows for unobserved cumulative individual-specific shocks, which are likely to be important in explaining variations in duration outcomes, such as length of life and time spent unemployed. The model is also a useful tool in situations where researchers...