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Exploiting Information from Singletons in Panel Data Analysis: A GMM Approach
Bruno, Randolph Luca; Magazzini, Laura; Stampini, Marco - 2019
We propose a novel procedure, built within a Generalized Method of Moments framework, which exploits unpaired observations (singletons) to increase the efficiency of longitudinal fixed effect estimates. The approach allows increasing estimation efficiency, while properly tackling the bias due to...
Persistent link: https://www.econbiz.de/10012059195
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Dynamics of Labour and Capital Adjustment : A Comparison of Germany and the Netherlands
Polder, Michael; Verick, Sher - 2004
In this paper we investigate the dynamic adjustment of labour and capital in German and Dutch firms. The Dutch labour market is characterised by greater flexibility in wages and work arrangements in comparison to Germany. These institutional differences imply that employment dynamics in the two...
Persistent link: https://www.econbiz.de/10010261963
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Aggregate-Level Migration Studies as a Tool for Forecasting Future Migration Streams
Fertig, Michael; Schmidt, Christoph M. - 2000
Assessing the migration potential and predicting future migration streams are among the most relevant, yet least well understood topics of migration research. The usual approach taken to address aggregate-level prediction problems is to fit ad hoc specifications to historical data, and to...
Persistent link: https://www.econbiz.de/10010262391
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Rational Addiction and Time Consistency: An Empirical Test
Piccoli, Luca; Tiezzi, Silvia - 2020
inconsistent preferences, where GMM estimators deal with errors in variables and unobserved heterogeneity. The results conform to …
Persistent link: https://www.econbiz.de/10012180099
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Eggs When Young, Chicken When Old. Time Consistency and Addiction over the Life Cycle
Piccoli, Luca; Tiezzi, Silvia - 2023
This paper tests whether young and adult smokers have different time preferences, in particular with respect to time consistency. The recent introduction of Tobacco 21 law in the US were in part motivated by allegedly inconsistent time preferences of the young consumers. This research...
Persistent link: https://www.econbiz.de/10014377275
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An exponential class of dynamic binary choice panel data models with fixed effects
Al-Sadoon, Majid M.; Li, Tong; Pesaran, Mohammad Hashem - 2012
eliminate the unobserved heterogeneity term and at the same time to identify the parameters of the model. We then propose GMM … likelihood approach, which can only identify the effect of state dependence in our case. Monte Carlo experiments demonstrate the … finite sample performance of our GMM estimators. …
Persistent link: https://www.econbiz.de/10010291322
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Dynamics of Labour and Capital Adjustment - A Comparison of Germany and the Netherlands
Polder, Michael; Verick, Sher - Institute for the Study of Labor (IZA) - 2004
In this paper we investigate the dynamic adjustment of labour and capital in German and Dutch firms. The Dutch labour market is characterised by greater flexibility in wages and work arrangements in comparison to Germany. These institutional differences imply that employment dynamics in the two...
Persistent link: https://www.econbiz.de/10005703624
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An Exponential Class of Dynamic Binary Choice Panel Data Models with Fixed Effects
Al-Sadoon, Majid M.; Li, Tong; Pesaran, M. Hashem - Institute for the Study of Labor (IZA) - 2012
eliminate the unobserved heterogeneity term and at the same time to identify the parameters of the model. We then propose GMM … likelihood approach, which can only identify the effect of state dependence in our case. Monte Carlo experiments demonstrate the … finite sample performance of our GMM estimators. …
Persistent link: https://www.econbiz.de/10010598555
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Aggregate-Level Migration Studies as a Tool for Forecasting Future Migration Streams
Fertig, Michael; Schmidt, Christoph M. - Institute for the Study of Labor (IZA) - 2000
Assessing the migration potential and predicting future migration streams are among the most relevant, yet least well understood topics of migration research. The usual approach taken to address aggregate-level prediction problems is to fit ad hoc specifications to historical data, and to...
Persistent link: https://www.econbiz.de/10005762287
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Diagnostic Tests for Homoskedasticity in Spatial Cross-Sectional or Panel Models
Baltagi, Badi H.; Pirotte, Alain; Yang, Zhenlin - 2020
We propose an Adjusted Quasi-Score (AQS) method for constructing tests for homoskedasticity in spatial econometric models. We first obtain an AQS function by adjusting the score-type function from the given model to achieve unbiasedness, and then develop an Outer-Product-of-Martingale-Difference...
Persistent link: https://www.econbiz.de/10012322602