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We analyze the retirement behaviour of married couples using a new bi-variate proportional hazard model. This model generalizes the traditional univariate duration analysis to include a family-wide joint retirement process that induces both spouses to retire at the same time. The model is...
Persistent link: https://www.econbiz.de/10005675167
In this paper, we compare two different types of models for the duration of unemployment spells: the multiple phase duration model and the competing risks model. Both models allow for non-proportionality of the effect of the explanatory variables on the hazard function. The two models are...
Persistent link: https://www.econbiz.de/10005646977