Showing 81 - 90 of 460
We adapt the Expectation-Maximization (EM) algorithm to incorporate unobserved hetero- geneity into conditional choice probability (CCP) estimators of dynamic discrete choice problems. The unobserved heterogeneity can be time-invariant, fully transitory, or follow a Markov chain. By exploiting...
Persistent link: https://www.econbiz.de/10009441098
The choice of a college major plays a critical role in determining the future earnings of college graduates. Students make their college major decisions in part due to the future earnings streams associated with the different majors. We survey students about what their expected earnings would be...
Persistent link: https://www.econbiz.de/10010269452
The literature on occupational matching has traditionally assumed that an individual's match in one occupation is completely uncorrelated with their match in every other occupation in the economy. In this paper I develop and estimate a model that relaxes this assumption. The key feature of the...
Persistent link: https://www.econbiz.de/10009475419
This dissertation considers incentives arising from equilibrium influences that affect the sequence of decisions that lead to family formation. The first chapter examines how state regulations directly aimed at abortion providers affect the market for abortion in the United States. Estimates...
Persistent link: https://www.econbiz.de/10009475467
Over the past 20 years, elite colleges in the US have seen dramatic increases in applications. We provide context for part of this trend using detailed data on Harvard University that was unsealed as part of the SFFA v. Harvard lawsuit. We show that Harvard encourages applications from many...
Persistent link: https://www.econbiz.de/10012179943
Detecting racial discrimination using observational data is challenging because of the presence of unobservables that may be correlated with race. Using data made public in the SFFA v. Harvard case, we estimate discrimination in a setting where this concern is mitigated. Namely, we show that...
Persistent link: https://www.econbiz.de/10012207853
The estimation of nonstationary dynamic discrete choice models typically requires making assumptions far beyond the length of the data. We extend the class of dynamic discrete choice models that require only a few-period-ahead conditional choice probabilities, and develop algorithms to calculate...
Persistent link: https://www.econbiz.de/10012215388
Using detailed admissions data made public in the SFFA v. Harvard and SFFA v. UNC cases, we examine how racial preferences for under-represented minorities (URMs) affect their admissions to Harvard and UNC-Chapel Hill. At Harvard, the admit rates for typical African American applicants are on...
Persistent link: https://www.econbiz.de/10013351779
We examine how informational frictions impact schooling and work outcomes. To do so, we estimate a dynamic structural model where individuals face uncertainty about their academic ability and productivity, which respectively determine their schooling utility and wages. Our framework accounts for...
Persistent link: https://www.econbiz.de/10014469773
We show that data on subjective expectations, especially on outcomes from counterfactual choices and choice probabilities, are a powerful tool in recovering ex ante treatment effects as well as preferences for different treatments. In this paper we focus on the choice of occupation, and use...
Persistent link: https://www.econbiz.de/10010435279