The widely used Cochrane-Orcutt and Hildreth-Lu procedures for estimating the parameters of a linear regression model with first-order serial correlation typically ignore the first observation. An alternative maximum likelihood procedure is recommended in this paper. This procedure is preferable...

This paper attempts to extend and implement the theory of best linear estimation to a simultaneous equation framework. The approach involves defining a general minimum mean square error estimator for the regression coefficients of a single equation in a simultaneous equation model. Such an...

The two-stage least squares simultaneous equation estimation procedure is shown to be identical to the modified two stage least squares estimator obtained by a) replacing the right-hand side endogenous variable in a single structural equation by their reduced form regression estimates; and b)...

This paper reexamines Feldstein's (1974) results of the effect of social security on private capital accumulation in the context of a simultaneous-equation model. The model incorporates dynamic feedback effects and is estimated by FIML to incorporate theoretical restrictions that are tested...

This paper reports the results of the estimation of a five-equation earnings model for Canadian men. The data set is a large cross-section of Canadians that includes extensive family background variables. Family socio-economic background is found to have a marked systematic influence on the...

Distribution-free techniques of statistical inference are developed for the cumulative coefficients of variation of an income distribution, thus allowing one to test for inequality dominance when Lorenz curves cross. The full covariance structure of the cumulative sample means and variances is...

This paper forwards an alternative approach of characterizing the adjustment trajectory by a cumulative probability distribution function. Estimates of Wilton's (1975) automobile import equation over the period 1984-1973 are obtained in the case where a binomial CDF is used. Confirming Wilton's...

We use micro data from the Canadian Annual Work Patterns Survey for 1978, 1980 and 1982 to compare the distributions of the annual unemployment experiences of persons. Whether one groups the unemployed by age and sex or by major region, a smaller fraction of total weeks of unemployed is found in...