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Measuring peer effects on youth smoking behavior

Nakajima, Ryo - 2004

This paper examines the role of peer effects in smoking behavior using data of middle and high school students in the United States. I present a random utility model that explicitly incorporates complementarity between individual and peer smokings. A Markov process model of smoking interactions...

Persistent link: https://www.econbiz.de/10010332516

Agriculture: Transition Buffer or Black Hole? A Three-State Model of Employment Dynamics

Voicu, Alexandru - 2003

We analyze the effect of land reform legislation on labor market dynamics in the Romanian economy. We show that the agricultural sector, a source of precarious employment, has become an absorbing state for certain categories of workers who lost their jobs in the nonagricultural sector. A random...

Persistent link: https://www.econbiz.de/10010262229

Employment Dynamics in the Romanian Labor Market: A Markov Chain Monte Carlo Approach

Voicu, Alexandru - 2002

Markov decision processes. The resulting multivariate probit models are estimated using Markov Chain Monte Carlo techniques. …

Persistent link: https://www.econbiz.de/10010262809

The Effect of Schooling and Ability on Achievement Test Scores

Hansen, Karsten T.; Heckman, James Joseph; Mullen, … - 2003

This paper develops two methods for estimating the effect of schooling on achievement test scores that control for the endogeneity of schooling by postulating that both schooling and test scores are generated by a common unobserved latent ability. These methods are applied to data on schooling...

Persistent link: https://www.econbiz.de/10010274201

Estimation of dynamic discrete choice models by maximum likelihood and the simulated method of moments

Eisenhauer, Philipp; Heckman, James J.; Mosso, Stefano - 2014

discrete choice models. We construct and estimate a simplified dynamic structural model of education that captures some basic …

Persistent link: https://www.econbiz.de/10010418037

The portfolio structure of German households : a multinomial fractional response approach with unobserved heterogeneity

Becker, Gideon - 2014 - This draft: September 1, 2014

What determines the risk structure of financial portfolios of German households? In this paper we estimate the determinants of the share of financial wealth invested in three broad risk classes. We employ a new econometric approach - the so called fractional multinomial logit model - which...

Persistent link: https://www.econbiz.de/10010426240

Nonlinear state-space models for microeconometric panel data

Heiss, Florian - 2006

most prevalent structures to account for intertemporal correlations in limited dependent variable models. An example from … models - and a broader class formulated in the framework of nonlinear state space models - hampers their widespread use. This … models and suggests that a straightforward algorithm based on sequential Gaussian quadrature can be expected to perform well …

Persistent link: https://www.econbiz.de/10010439378