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Household Search or Individual Search : Does it Matter? Evidence from Lifetime Inequality Estimates
Flabbi, Luca - 2012
individual search specification implies gender differentials in lifetime utility inequality 74% larger. The results of our policy … experiments emphasize the importance of looking at lifetime utility inequality measures as opposed to simply cross-sectional wage …
Persistent link: https://www.econbiz.de/10013099113
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Bandwidth Selection and the Estimation of Treatment Effects with Unbalanced Data
Galdo, José; Smith, Jeffrey A.; Black, Dan - 2021
This paper addresses the selection of smoothing parameters for estimating the average treatment effect on the treated using matching methods. Because precise estimation of the expected counterfactual is particularly important in regions containing the mass of the treated units, we define and...
Persistent link: https://www.econbiz.de/10013316785
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Nonresponse and Focal Point Answers to Subjective Probability Questions
Kleinjans, Kristin J. - 2010
We develop and estimate a panel data model explaining the answers to questions about subjective probabilities, using data from the US Health and Retirement Study. We explicitly account for nonresponse, rounding, and focal point 50 percent answers. Our results indicate that for three of the four...
Persistent link: https://www.econbiz.de/10013136709
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Earnings Dispersion, Risk Aversion and Education
Belzil, Christian; Hansen, Jorgen - 2021
We estimate a dynamic programming model of schooling decisions in which the degree of risk aversion can be inferred from schooling decisions. In our model, individuals are heterogeneous with respect to school and market abilities but homogeneous with respect to the degree of risk aversion. We...
Persistent link: https://www.econbiz.de/10013320490
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Individual Well-Being in a Dynamic Perspective
D'Ambrosio, Conchita - 2011
This paper explores the determinants of individual well-being as measured by self-reported levels of satisfaction with income. Making full use of the panel data nature of the German Socio-Economic Panel, we provide empirical evidence for well-being depending on absolute and on relative levels of...
Persistent link: https://www.econbiz.de/10012756895
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Machine Learning Estimation of Heterogeneous Causal Effects : Empirical Monte Carlo Evidence
Knaus, Michael - 2019
We investigate the finite sample performance of causal machine learning estimators for heterogeneous causal effects at different aggregation levels. We employ an Empirical Monte Carlo Study that relies on arguably realistic data generation processes (DGPs) based on actual data. We consider 24...
Persistent link: https://www.econbiz.de/10012894534
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Job Durations with Worker and Firm Specific Effects : MCMC Estimation with Longitudinal Employer-Employee Data
Horny, Guillaume - 2009
We study job durations using a multivariate hazard model allowing for worker-specific and firm-specific unobserved determinants. The latter are captured by unobserved heterogeneity terms or random effects, one at the firm level and another at the worker level. This enables us to decompose the...
Persistent link: https://www.econbiz.de/10012764687
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Are Labor Force Participation Rates Really Non-Stationary? Evidence from Three OECD Countries
Ozdemir, Zeynel Abidin - 2014
This paper shows that the structural breaks are an important characteristic of the monthly labor force participation rate (LFPR) series of Australia, Canada and the USA. Therefore we allow for endogenously determined multiple structural breaks in the empirical specifications of fractionally...
Persistent link: https://www.econbiz.de/10013065313
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Labor Mobility Across the Formal/Informal Divide in Turkey : Evidence from Individual Level Data
Tansel, Aysit - 2012
Informality has long been a salient phenomenon in developing country labor markets, thus has been addressed in several theoretical and empirical research. Turkey, given its economic and demographic dynamics, provides rich evidence for a growing, heterogeneous and multifaceted informal labor...
Persistent link: https://www.econbiz.de/10013112057
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Partial Identification of Willingness-to-Pay Using Shape Restrictions with an Application to the Value of a Statistical Life
Sojourner, Aaron - 2010
hedonic methods. Usually strong enough assumptions are made on the functional form of utility to point identify individuals … partial identification without relying on functional form restrictions for utility. Identification given general, potentially … restrictions imposed on utility rather than by the data or properties of equilibrium …
Persistent link: https://www.econbiz.de/10013139964