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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 state-specific duration dependence. We show that the former … show that these restrictions are severely rejected against the more flexible multi-spell duration models. …
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This paper shows that popular linear fixed-effects panel-data estimators (first-differences, within-transformation) are biased and inconsistent when applied in a discrete-time hazard setting, that is, one with the outcome variable being a binary dummy indicating an absorbing state, even if the...
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