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A new semiparamtetric approach to analysing conditional income distributions : conference paper

Sohn, Alexander; Klein, Nadja; Kneib, Thomas - 2014 - Working version 0.1

In this paper we explore the possibility of the application of GAMLSS regression techniques for the analysis of income distributions in Germany following the reunification. We find that conditional income distributions can generally be modelled using the three parameter Dagum distribution and...

Persistent link: https://www.econbiz.de/10010491093

Estimation of linear dynamic panel data models with time-invariant regressors : conference paper

Kripfganz, Sebastian; Schwarz, Claudia - 2013 - This version: May 6, 2013

-specific heterogeneity and a short time dimension. In particular, we focus on the identification of the coefficients of time … (2992(. We carry out Monte Carlo experiments to compare the performance of the two-stage approach to various system GMM … further simulation evidence that GMM estimators with a large number of instruments can be severely biased in finite samples …

Persistent link: https://www.econbiz.de/10010342822

Unconditional transformed likelihood estimation of time-space dynamic panel data models : conference paper

Kripfganz, Sebastian - 2014

I derive the unconditional transformed likelihood function and its derivatives for a fixed-effects panel data model with time lags, spatial lags, and spatial time lags that encompasses the pure time dynamic and pure space dynamic models as special cases. In addition, the model can accommodate...

Persistent link: https://www.econbiz.de/10010490568

Overidentification test in a nonparametric treatment model with unobserved heterogeneity : conference paper

Dzemski, Andreas; Sarnetzki, Florian - 2014 - This version: February 15, 2014

motivated by the observation that in the presence of essential heterogeneity classical GMM overidentification tests can not be …

Persistent link: https://www.econbiz.de/10010491120

Unraveling the relationship between presidential approval and the economy : a multi-dimensional semi-parametric approach ; conference paper

Berlemann, Michael; Enkelmann, Soeren; Kuhlenkasper, Torben - 2013

Empirical studies analyzing the determinants of U.S. presidential popularity have delivered quite inconclusive results concerning the role of economic variables by assuming linear relationships. We employ penalized spline smoothing in the context of semi-parametric additive mixed models and...

Persistent link: https://www.econbiz.de/10010341089

The StoNED age : the departure into a new era of efficiency analysis? : a MC study comparing StoNED and the "Oldies" (SFA and DEA) conference paper

Andor, Mark Andreas; Hesse, Frederik - 2013

Based on the seminal paper of Farrell (1957), researchers have developed several methods for measuring e fficiency. Nowadays, the most prominent representatives are nonparametric data envelopment analysis (DEA) and parametric stochastic frontier analysis (SFA), both introduced in the late 1970s....

Persistent link: https://www.econbiz.de/10010341110

Labour market effects of retraining for the unemployed : the role of occupations

Kruppe, Thomas; Lang, Julia - 2014

We analyse the impact of retraining for the unemployed on future labour market success, and estimate effects separately for different target occupations. We use German registry data and apply statistical matching methods. The results show that on average, after a period with strong lock-in...

Persistent link: https://www.econbiz.de/10010484758

Nonparametric analysis of random utility models : testing ; conference paper

Kitamura, Yuichi; Stoye, Jörg - 2013 - This version: February 8, 2013

This paper aims at formulating econometric tools for investigating stochastic rationality, using the Random Utility Models (RUM) to deal with unobserved heterogeneity nonparametrically. Theoretical implications of the RUM have been studied in the literature, and in particular this paper utilizes...

Persistent link: https://www.econbiz.de/10010342819

ECB monetary policy surprises : identification through cojumps in interest rates ; conference paper

Winkelmann, Lars; Bibinger, Markus; Linzert, Tobias - 2013 - Draft 27.06.2013

We propose a new monetary policy surprise measure based on cojumps in tick-data of a short and long term interest rate. We extend a recently proposed test for cojumps to distinguish policy announcements that shift the short and long end of the yield curve in the same direction (level shift) and...

Persistent link: https://www.econbiz.de/10010343631

Location, location, location : extracting location value from house prices : conference paper

Kolbe, Jens; Schulz, Rainer; Wersing, Martin; Werwatz, Axel - 2013

We propose a novel semiparametric method to extract location values from house prices. After splitting house prices into building and land components, location values are estimated with adaptive weight smoothing. The adaptive estimator requires neither strong smoothness assumptions nor local...

Persistent link: https://www.econbiz.de/10010343771