Showing 181 - 190 of 195
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This paper applies some of the key insights of dynamic discrete choice models to continuous-time job search models. We propose a novel framework that incorporates preference shocks into search models, resulting in a tight connection between value functions and conditional choice probabilities....
Persistent link: https://www.econbiz.de/10013462703
Does population aging fuel or hinder support for long-term public investments? Existing theories associate seniors with shorter time horizons but a higher inclination towards borrowing, yielding contradictory predictions of their support for debt-funded investments. I study the effect of aging...
Persistent link: https://www.econbiz.de/10014263616
Persistent link: https://www.econbiz.de/10014315477
We study the informational content of factor structures in discrete triangular systems. Factor structures have been employed in a variety of settings in cross sectional and panel data models, and in this paper we formally quantify their identifying power in a bivariate system often employed in...
Persistent link: https://www.econbiz.de/10013251549
We consider the identification of and inference on a partially linear model, when the outcome of interest and some of the covariates are observed in two different datasets that cannot be linked. This type of data combination problem arises very frequently in empirical microeconomics. Using...
Persistent link: https://www.econbiz.de/10013186712
We consider the identification of and inference on a partially linear model, when the outcome of interest and some of the covariates are observed in two different datasets that cannot be linked. This type of data combination problem arises very frequently in empirical microeconomics. Using...
Persistent link: https://www.econbiz.de/10013191048
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/10013044975
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/10013045057