Gørgens, Tue; Hyslop, Dean Robert - In: Econometrics : open access journal 7 (2019) 1/1, pp. 1-16
This paper compares two approaches to analyzing longitudinal discrete-time binary outcomes. Dynamic binary response models focus on state occupancy and typically specify low-order Markovian state dependence. Multi-spell duration models focus on transitions between states and typically allow for...