Social scientists have long been interested in marital homogamy and its relationship with inequality. However, measuring homogamy is not straightforward, particularly when one is interested in assessing marital sorting based on multiple traits. In this paper, we argue that Separate Extreme Value...

Bias correction can often improve the finite sample performance of estimators. We show that the choice of bias correction method has no effect on the higherorder variance of semiparametrically efficient parametric estimators, so long as the estimate of the bias is asymptotically linear. It is...

We develop a test for deciding whether the linear spaces spanned by the factor exposures of a large cross-section of assets toward latent systematic risk factors at two distinct points in time are the same. The test uses a panel of asset returns in local windows around the two time points. The...

Frontmatter -- CONTENTS -- ACKNOWLEDGMENTS -- 1 INTRODUCTION -- 2 METHODS -- 3 TIME AND LOCATION -- 4 MORALE -- 5 COMPANY RISK AVERSION -- 6 INTERNAL PAY STRUCTURE -- 7 EXTERNAL PAY STRUCTURE -- 8 THE SHIRKING THEORY -- 9 THE PAY OF NEW HIRES IN THE PRIMARY SECTOR -- 10 RAISES -- 11 RESISTANCE...

Econometric Modeling provides a new and stimulating introduction to econometrics, focusing on modeling. The key issue confronting empirical economics is to establish sustainable relationships that are both supported by data and interpretable from economic theory. The unified likelihood-based...