Showing 1 - 10 of 1,109
The conditions under which ordinary least squares (OLS) is an unbiased and consistent estimator of the linear probability model (LPM) are unlikely to hold in many instances. Yet the LPM still may be the correct model or a good approximation to the probability generating process. A sequential...
Persistent link: https://www.econbiz.de/10010262097
This paper looks at potential implications emerging from including shares as a control variable in fixed effect estimations. By shares I refer to the ratio of a sum of units over another, such as the share of immigrants in a city or school. As will be shown in this paper, a logarithmic...
Persistent link: https://www.econbiz.de/10010274619
Internal organization relies heavily on psychological consistency requirements. This thought has been emphasized in … modern compensation theory, but has not been extended to organization theory. The perspective sheds new light on several … topics in the theory of the firm, like the boundaries of the firm, the importance of fairness concerns within firms, the …
Persistent link: https://www.econbiz.de/10010278547
This paper is concerned with the problem of ranking Lorenz curves in situations where the Lorenz curves intersect and … no unambiguous ranking can be attained without introducing weaker ranking criteria than first-degree Lorenz dominance. To … method for identifying the least restrictive social preferences required to reach an unambiguous ranking of a given set of …
Persistent link: https://www.econbiz.de/10010269185
This paper is concerned with the problem of ranking Lorenz curves in situations where the Lorenz curves intersect and … no unambiguous ranking can be attained without introducing weaker ranking criteria than first-degree Lorenz dominance. To … ranking of a set of Lorenz curves. From the weight-functions of these inequality measures we obtain intuitive interpretations …
Persistent link: https://www.econbiz.de/10010269554
Ridder and Woutersen (2003) have shown that under a weak condition on the baseline hazard there exist root-N consistent estimators of the parameters in a semiparametric Mixed Proportional Hazard model with a parametric baseline hazard and unspecified distribution of the unobserved heterogeneity....
Persistent link: https://www.econbiz.de/10010269681
Rank-rank regression is commonly employed in economic research as a way of capturing the relationship between two economic variables. It frequently features in studies of intergenerational mobility as the resulting coefficient, capturing the rank correlation between the variables, is easy to...
Persistent link: https://www.econbiz.de/10015338923
We model the consequences of parental control over choice of wives for sons, for parental incentives to educate daughters, when the marriage market exhibits competitive dowry payments and altruistic but paternalistic parents benefit from having married sons live with them. By choosing uneducated...
Persistent link: https://www.econbiz.de/10010268922
on life satisfaction. The results have negative implications for the still dominant theory of SWB, set-point theory. This … theory holds that adult SWB does not change in the medium or long term, although temporary fluctuations occur due to specific … life events. Set-point theory has come under increasing criticism in recent years, primarily due to unmistakable evidence …
Persistent link: https://www.econbiz.de/10010269839
If choices depend on the decision maker's mood, is the attempt to derive any consistency in choice doomed? In this … choice patterns are possible. Indeed, we characterise both models in terms of consistency requirements of the observed choice …
Persistent link: https://www.econbiz.de/10010269873