Cappellari, Lorenzo; Jenkins, Stephen P. - In: Journal of Applied Econometrics 19 (2004) 5, pp. 593-610
We examine the determinants of low income transitions using first-order Markov models that control for initial conditions effects (those found to be poor in the base year may be a non-random sample) and for attrition (panel retention may also be non-random). The model estimates, derived from...