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The random coefficients, multinomial choice logit model has been widely used in empirical choice analysis for the last 30 years. We are the first to prove that the distribution of random coefficients in this model is nonparametrically identified. Our approach exploits the structure of the logit...
Persistent link: https://www.econbiz.de/10013160155
There are two possible reasons for unionized workers to have lower quit rates than otherwise comparable nonunion workers: unions could organize employees with innately lower propensities to quit or they could reduce propensities by offering disgruntled workers alternatives to quitting in the...
Persistent link: https://www.econbiz.de/10013234389
This paper develops an algorithm for analyzing discrete events, such as labor market transitions, when some of these transitions are spurious because of measurement errors. Our algorithm extends the standard multinomial logit model, although our basic approach could be used with other stochastic...
Persistent link: https://www.econbiz.de/10013247270
Using data from three waves of Add Health we find that being very attractive reduces a young adult's (ages 18-26) propensity for criminal activity and being unattractive increases it for a number of crimes, ranging from burglary to selling drugs. A variety of tests demonstrate that this result...
Persistent link: https://www.econbiz.de/10013322364
Network planning models, which forecast the profitability of airline schedules, support many critical decisions, including equipment purchase decisions. Network planning models include an itinerary choice model that is used to allocate air total demand in a city pair to different itineraries....
Persistent link: https://www.econbiz.de/10012981108
Although typically overlooked, many purchase datasets exhibit a high incidence of products with zero sales. We propose a new estimator for the Random-Coefficients Logit demand system for purchase datasets with zero-valued market shares. The identification of the demand parameters is based on a...
Persistent link: https://www.econbiz.de/10013324705
explained by the positive association between height and both income and education, both of which are positively linked to …
Persistent link: https://www.econbiz.de/10013134585
We investigate short and long-term effects of early childhood education using variation created by a unique policy …
Persistent link: https://www.econbiz.de/10013124550
In this article we review the literature on financial literacy, financial education, and consumer financial outcomes … addresses whether financial education improves financial literacy or personal financial outcomes. We discuss the extent to which … on the efficacy and cost of financial education. Finally, we discuss directions for future research …
Persistent link: https://www.econbiz.de/10013100358
have advocated increasing the time that elementary school children spend in physical education (PE) classes. However …
Persistent link: https://www.econbiz.de/10013101508