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Bayesian inference for duration data with unobserved and unknown heterogeneity : Monte Carlo evidence and an application
Paserman, Marco Daniele - 2004
This paper describes a semiparametric Bayesian method for analyzing duration data. The proposed estimator specifies a complete functional form for duration spells, but allows flexibility by introducing an individual heterogeneity term, which follows a Dirichlet mixture distribution. I show how...
Persistent link: https://www.econbiz.de/10010276176
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MIMIC models, cointegration and error correction: an application to the French shadow economy
Bühn, Andreas; Schneider, Friedrich G. - 2008
differences. Arguably, this shortcoming is rooted in the lack of an appropriate MIMIC model which considers cointegration among … variables. This paper develops a MIMIC model which estimates the cointegration equilibrium relationship and the error correction …
Persistent link: https://www.econbiz.de/10010276685
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Does the Glass Ceiling Exist? A Cross-National Perspective on
Gang, Ira N.; Landon-Lane, John S.; Yun, Myeong-Su - 2003
We compare male and female upward labor income mobility in Germany and the United States using the GSOEP-PSID Cross National Equivalent File. Our main interest is to test whether a glass ceiling exists for women. The standard glass ceiling hypothesis highlights the belief that the playing field...
Persistent link: https://www.econbiz.de/10010274497
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Gender Differences in German Upward Income Mobility
Gang, Ira N.; Landon-Lane, John S.; Yun, Myeong-Su - 2002
We examine the upward labor income mobility of men and women in Germany using the GSOEP Cross National Equivalent File. Women have greater overall income mobility. However, utilizing a measure of upward income mobility and calculating the posterior probability that men?s upward income mobility...
Persistent link: https://www.econbiz.de/10010274499
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Climbing the drug staircase: a Bayesian analysis of the initiation of hard drug use
Bretteville-Jensen, Anne Line; Jacobi, Liana - 2008
different policy implications. We propose a Bayesian estimation and predictive framework to analyze the effects and relative …
Persistent link: https://www.econbiz.de/10010269113
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Returns to compulsory schooling in Britain: Evidence from a Bayesian fuzzy regression discontinuity analysis
Chib, Siddhartha; Jacobi, Liana - 2011
In this paper we reevaluate the returns to education based on the increase in the compulsory schooling age from 14 to 15 in the UK in 1947. We provide a Bayesian fuzzy regression discontinuity approach to infer the effect on earnings for a subset of subjects who turned 14 in a narrow window...
Persistent link: https://www.econbiz.de/10010278476
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The Impact of Growth, Labour Cost and Working Time on Employment: Lessons from the French Experience
L'Horty, Yannick; Rault, Christophe - 2003
To account for employment evolutions at the macro-economic level, we propose a modelling where employment is explained by added value, working time and real labour cost. Estimations using quarterly French macro-economic data are carried out in a multivariate framework for three sets of sectors....
Persistent link: https://www.econbiz.de/10010275663
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Inflation, Minimum Wage and Other Wages: An Econometric Study on French Macroeconomic Data
L'Horty, Yannick; Rault, Christophe - 2003
This paper examines the set of interdependences between the formation of wages, prices and the minimum wage (SMIC) through a vectorial error correction model estimated on French quarterly macroeconomic data covering the 1970-1/1999-4 period. Two periods are distinguished: the period of inflation...
Persistent link: https://www.econbiz.de/10010261586
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On identification of Bayesian DSGE models
Koop, Gary; Pesaran, Hashem; Smith, Ron P. - 2011
In recent years there has been increasing concern about the identification of parameters in dynamic stochastic general equilibrium (DSGE) models. Given the structure of DSGE models it may be difficult to determine whether a parameter is identified. For the researcher using Bayesian methods, a...
Persistent link: https://www.econbiz.de/10010278760
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Bayesian procedures as a numerical tool for the estimation of dynamic discrete choice models
Haan, Peter; Kemptner, Daniel; Uhlendorff, Arne - 2012
apply Bayesian procedures as a numerical tool for the estimation of a female labor supply model based on a sample size which … assumptions which are consistent with economic theory, e.g. log-normally distributed consumption preferences, the Bayesian method … Bayesian procedures can be a beneficial tool for the estimation of dynamic discrete choice models. …
Persistent link: https://www.econbiz.de/10010282308