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This chapter covers recent solutions to aggregation problems in three application areas: consumer demand analysis …, consumption growth and wealth, and labor participation and wages. Each area involves treatment of heterogeneity and nonlinearity … at the individual level. Three types of heterogeneity are highlighted: heterogeneity in individual tastes, heterogeneity …
Persistent link: https://www.econbiz.de/10014024947
Persistent link: https://www.econbiz.de/10010345859
. Chronic health conditions therefore increase in poor economic times. There is considerable spatial heterogeneity across local …
Persistent link: https://www.econbiz.de/10012198316
Persistent link: https://www.econbiz.de/10012215785
Oaxaca and Ransom (1999) show that a detailed decomposition of the coefficients effect is destined to suffer from an identification problem since the detailed coefficients effect attributed to a dummy variable is not invariant to the choice of reference groups. It turns out that the...
Persistent link: https://www.econbiz.de/10010261567
Oaxaca and Ransom (1999) show that a detailed decomposition of the coefficients effect is destined to suffer from an identification problem since the detailed coefficients effect attributed to a dummy variable is not invariant to the choice of reference groups. It turns out that the...
Persistent link: https://www.econbiz.de/10013319818
Oaxaca and Ransom (1999) show that a detailed decomposition of the coefficients effect is destined to suffer from an identification problem since the detailed coefficients effect attributed to dummy variables is not invariant to the choice of reference groups. It turns out that the...
Persistent link: https://www.econbiz.de/10014057778
A regression model is considered where earnings are explained by schooling and ability. It is assumed that schooling is measured with error and that there are no data on ability. Regressing earnings on observed schooling then yields an estimate of the return to schooling that is subject to...
Persistent link: https://www.econbiz.de/10010273950
This paper considers the issues related to the asymptotic properties of estimators and test statistics in linear quantile regression with structural changes. We first address the issue of estimating a single structural change and derive the asymptotic properties of the estimated break point. The...
Persistent link: https://www.econbiz.de/10014213281
A regression model is considered where earnings are explained by schooling and ability. It is assumed that schooling is measured with error and that there are no data on ability. Regressing earnings on observed schooling then yields an estimate of the return to schooling that is subject to...
Persistent link: https://www.econbiz.de/10003770096