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The Covariance Structure of East and West German Incomes and its Implications for the Persistence of Poverty and Inequality
Biewen, Martin - 2002
Germany in the eighties and nineties. Special emphasis is given to the separation of permanent and transitory components, the … that 52 to 69 percent of income inequality in West Germany were due to permanent differences between individuals and that … poor individuals stayed in poverty for two years on average. In East Germany, the contribution of the permanent component …
Persistent link: https://www.econbiz.de/10010262791
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Identification and Estimation of Causal Effects of Multiple Treatments Under the Conditional Independence Assumption
Lechner, Michael - 1999
The assumption that the assignment to treatments is ignorable conditional on attributes plays an important role in the applied statistic and econometric evaluation literature. Another term for it is conditional independence assumption. This paper discusses identification when there are more than...
Persistent link: https://www.econbiz.de/10010262311
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Efficient probit estimation with partially missing covariates
Conniffe, Denis; O'Neill, Donal - 2009
A common approach to dealing with missing data is to estimate the model on the common subset of data, by necessity throwing away potentially useful data. We derive a new probit type estimator for models with missing covariate data where the dependent variable is binary. For the benchmark case of...
Persistent link: https://www.econbiz.de/10010269313
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Identification of the covariance structure of earnings using the GMM estimator
Doris, Aedín; O'Neill, Donal; Sweetman, Olive - 2010
In this paper we study the performance of the GMM estimator in the context of the covariance structure of earnings. Using analytical and Monte Carlo techniques we examine the sensitivity of parameter identification to key features such as panel length, sample size, the degree of persistence of...
Persistent link: https://www.econbiz.de/10010269863
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Modelling volatilities and conditional correlations in futures markets with a multivariate t distribution
Pesaran, Bahram; Pesaran, Mohammad Hashem - 2007
This paper considers a multivariate t version of the Gaussian dynamic conditional correlation (DCC) model proposed by …
Persistent link: https://www.econbiz.de/10010276254
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Testing the correlated random coefficient model
Heckman, James Joseph; Schmierer, Daniel; Urzúa, Sergio - 2009
The recent literature on instrumental variables (IV) features models in which agents sort into treatment status on the basis of gains from treatment as well as on baseline-pretreatment levels. Components of the gains known to the agents and acted on by them may not be known by the observing...
Persistent link: https://www.econbiz.de/10010276910
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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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Funding self-employment: The role of consumer credit
Kneiding, Christoph; Kritikos, Alexander S. - 2011
-employed households particularly use personal overdrafts significantly more often than employee households. When analyzing the correlation …
Persistent link: https://www.econbiz.de/10010282216
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Monitoring costs, credit constraints and entrepreneurship
Banerji, Sanjay; Raj, Rajesh S. N.; Sen, Kunal - 2012
The vast majority of firms in developing economies are micro and small enterprises owned by families whose members also provide the labour to the units. Often, they fail to grow in size even with the relaxation of credit constraints. In this paper, we show that frictions in the labour market...
Persistent link: https://www.econbiz.de/10010283965
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Hours and Wages in the Depression: British Engineering, 1926-1938
Hart, Robert A. - 2000
On their intensive margins, firms in the British engineering industry adjusted to the severe falls in demand during the 1930s Depression by cutting hours of work. This provided an important means of reducing labour input and marginal labour costs, through movements from overtime to short-time...
Persistent link: https://www.econbiz.de/10010262351