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Bias corrections for two-step fixed effects panel data estimators
Fernández-Val, Iván; Vella, Francis - 2007
This paper introduces bias-corrected estimators for nonlinear panel data models with both time invariant and time varying heterogeneity. These include limited dependent variable models with both unobserved individual effects and endogenous explanatory variables, and sample selection models with...
Persistent link: https://www.econbiz.de/10010268162
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A parametric control function approach to estimating the returns to schooling in the absence of exclusion restrictions: An application to the NLSY
Farré, Lídia; Klein, Roger; Vella, Francis - 2010
variances, the non-parametric aspect of the estimation may discourage practitioners from its use. This paper outlines how the …
Persistent link: https://www.econbiz.de/10010269795
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A computationally practical simulation estimation algorithm for dynamic panel data models with unobserved endogenous state variables
Keane, Michael P.; Sauer, Robert M. - 2009
This paper develops a simulation estimation algorithm that is particularly useful for estimating dynamic panel data …
Persistent link: https://www.econbiz.de/10010271244
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How much can we trust causal interpretations of fixed-effects estimators in the context of criminality?
Bjerk, David - 2009
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/10010271337
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Estimating the technology of cognitive and noncognitive skill formation
Cunha, Flavio; Heckman, James Joseph; Schennach, Susanne - 2010
This paper formulates and estimates multistage production functions for children's cognitive and noncognitive skills. Skills are determined by parental environments and investments at different stages of childhood. We estimate the elasticity of substitution between investments in one period and...
Persistent link: https://www.econbiz.de/10010274255
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Generalized Selection Bias and the Decomposition of Wage Differentials
Yun, Myeong-Su - 1999
) when the two expectations are measured using the estimates from the joint estimation of the whole model (log-wages and …-wages, where the deterministic component is computed using the estimates from the joint estimation. That is, the GSB is the … expectation of the residuals estimated from the joint estimation. It is appropriate to apply the Blinder-Oaxaca decomposition …
Persistent link: https://www.econbiz.de/10010277288
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Pinning down the value of statistical life
Kniesner, Thomas J.; Viscusi, William Kip; Woock, … - 2007
Our research addresses fundamental long-standing concerns in the compensating wage differentials literature and its public policy implications: the econometric properties of estimates of the value of statistical life (VSL) and the wide range of such estimates from about $0.5 million to about $21...
Persistent link: https://www.econbiz.de/10010277313
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Exponent of cross-sectional dependence: Estimation and inference
Bailey, Natalia; Kapetanios, George; Pesaran, Hashem - 2012
An important issue in the analysis of cross-sectional dependence which has received renewed interest in the past few years is the need for a better understanding of the extent and nature of such cross dependencies. In this paper we focus on measures of cross-sectional dependence and how such...
Persistent link: https://www.econbiz.de/10010282124
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Estimation of Generalized Entropy and Atkinson Inequality Indices from Complex Survey Data
Biewen, Martin; Jenkins, Stephen P. - 2003
Applying a method suggested by Woodruff (1971), we derive the sampling variances of Generalized Entropy and Atkinson inequality indices when estimated from complex survey data. It turns out that this method also greatly simplifies the calculations for the i.i.d. case when compared to previous...
Persistent link: https://www.econbiz.de/10010262721
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Consistent estimation of the fixed effects ordered logit model
Baetschmann, Gregori; Staub, Kevin E.; Winkelmann, Rainer - 2011
The paper re-examines existing estimators for the panel data fixed effects ordered logit model, proposes a new one, and studies the sampling properties of these estimators in a series of Monte Carlo simulations. There are two main findings. First, we show that some of the estimators used in the...
Persistent link: https://www.econbiz.de/10010276790