Showing 1 - 10 of 45,737
We extend existing estimators for duration data that suffer from non-random sample selection to allow for time …-varying covariates. Rather than a continuous-time duration model, we propose a discrete-time alternative that models the effects of … compared to those of a naive discrete duration model through Monte Carlo analysis and indicate that our estimator outperforms …
Persistent link: https://www.econbiz.de/10003895008
The estimation of the holding periods of financial products has to be done in a dynamic process in which the size of the observation time interval influences the result. Small intervals will produce smaller average holding periods than bigger ones. The approach developed in this paper offers the...
Persistent link: https://www.econbiz.de/10011890392
Persistent link: https://www.econbiz.de/10003426473
Social surveys are often used to estimate unemployment duration distributions. Survey non-response may then cause a … methodology exploits variation in the timing of the duration outcome relative to the survey moment. The results show evidence for …
Persistent link: https://www.econbiz.de/10011338006
parameter of interest is the expected unemployment duration. If both job separations and job accessions follow a Poisson process … duration distribution. We propose a new measure for unemployment durations (an inflow corrected stock sample measure of … unemployment duration) that can be easily calculated from stock sample data and takes account of the fact that it is primarily the …
Persistent link: https://www.econbiz.de/10011537961
Persistent link: https://www.econbiz.de/10002018052
Persistent link: https://www.econbiz.de/10001410725
Persistent link: https://www.econbiz.de/10009355308
Persistent link: https://www.econbiz.de/10011689633
How is econometric analysis (of partial adjustment models) affected by the fact that, while data collection is done at regular, fixed intervals of time, economic decisions are made at random intervals of time? This paper addresses this question by modelling the economic decision making process...
Persistent link: https://www.econbiz.de/10014070168