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We propose a spatial search-matching model where both job creation and job destruction are endogenous. Workers are ex …
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We compare the performance of maximum likelihood (ML) and simulated method of moments (SMM) estimation for dynamic discrete choice models. We construct and estimate a simplified dynamic structural model of education that captures some basic features of educational choices in the United States in...
Persistent link: https://www.econbiz.de/10010418037
of unemployed workers: the socially optimal number of unemployed workers depends both of matching externalities and on … (which corresponds to the standard matching model) and a mixed of non-spatial and spatial elements, the first element …
Persistent link: https://www.econbiz.de/10011336862
We compare the performance of maximum likelihood (ML) and simulated method of moments (SMM) estimation for dynamic discrete choice models. We construct and estimate a simplified dynamic structural model of education that captures some basic features of educational choices in the United States in...
Persistent link: https://www.econbiz.de/10010424834
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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...
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