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Methods for the analysis of linked employer-employee data are not yet available in standard econometrics packages. In this paper, we make the fixed-effects methods developed orginally by Abowd, Kramarz, Margolis and others more accessible, where possible, and show how they can be implemented in...
Persistent link: https://www.econbiz.de/10010270610
This paper assesses the effectiveness of unconfoundedness-based estimators of mean effects for multiple or multivalued treatments in eliminating biases arising from nonrandom treatment assignment. We evaluate these multiple treatment estimators by simultaneously equalizing average outcomes among...
Persistent link: https://www.econbiz.de/10010271265
The study contributes to the development of 'standards' for the application of matching algorithms in empirical evaluation studies. The focus is on the first step of the matching procedure, the choice of an appropriate distance function. Supplementary to most former studies, the simulation is...
Persistent link: https://www.econbiz.de/10010271409
This paper reviews some of the most popular policy evaluation methods in empirical microeconomics: social experiments, natural experiments, matching, instrumental variables, discontinuity design, and control functions. It discusses identification of traditionally used average parameters and more...
Persistent link: https://www.econbiz.de/10010271892
Probit models are employed to evaluate leading indicators for Germany's recessions. The predictive power of leading indicators is found to be lower than assumed in previous studies. Although, monetary variables provide the best predictive power for recessions, survey data and order inflows show...
Persistent link: https://www.econbiz.de/10010275291
Mixed proportional hazard models are commonly used to estimate duration dependence and unobserved heterogeneity in unemployment exit rates. Some strong assumptions are made in this framework, i.e. that the various influences on the individual unemployment exit rate are separable. The model we...
Persistent link: https://www.econbiz.de/10010276890
This paper develops the method of local instrumental variables for models with multiple, unordered treatments when treatment choice is determined by a nonparametric version of the multinomial choice model. Responses to interventions are permitted to be heterogeneous in a general way and agents...
Persistent link: https://www.econbiz.de/10010276907
This paper proposes a dichotomous choice model that is based on a transformed beta (or "z") distribution. This model, called betit, nests both logit and probit and allows for various skewed and peaked disturbance densities. Because the shape of this density affects the estimated relation between...
Persistent link: https://www.econbiz.de/10010276953
We develop a regression decomposition technique for hazard rate models, where the difference in observed rates is decomposed into components attributable to group differences in characteristics and group differences in effects. The baseline hazard is specified using a piecewise constant...
Persistent link: https://www.econbiz.de/10010277331
his thesis consists of three independent chapters. Each chapter analyzes the equilibrium outcomes of the labor and housing market by describing the behavior of the participants in the markets by the perturbed utility model. This class of models allows for a more general substitution patterns as...
Persistent link: https://www.econbiz.de/10014529646