This paper develops a simulation estimation algorithm that is particularly useful for estimating dynamic panel data models with unobserved endogenous state variables. The new approach can easily deal with the commonly encountered and widely discussed "initial conditions problem," as well as the...

This paper analyzes the process of entry of highly skilled immigrants into the Israeli labor market, using panel data on several cohorts of recent immigrants from the former USSR. The study develops and estimates an on-the-job search model, cast as a finite horizon, discrete choice dynamic...

This paper analyzes the process of entry of highly skilled immigrants into the Israeli labor market, using panel data on several cohorts of recent immigrants from the former USSR. The study develops and estimates an on-the-job search model, cast as a finite horizon, discrete choice dynamic...

This paper formulates and estimates a dynamic programming model of the optimal educational financing decisions and post-graduation career choices of law school graduates. The main purpose of the paper is to measure the effect of short-term parental cash transfers, received during school, on...

This paper studies the racial gap in the female wage penalty to remote work. Using a temporary child health problem as a source of exogenous variation in the propensity to work from home, wage penalties reach 86 percent for black women and 77 percent for white women. Promotion bias, task...

"Adam Smith, one of the founding fathers of contemporary economics, observed that religiosity is influenced by the extent of regulation in the "market" for religion. In countries where there is a state-sponsored religion, one can expect less overall religiosity than if the market were...

This paper estimates the economic and non-economic returns to volunteering for prime-aged women. A woman's decision to engage in unpaid work, and to marry and have children, is formulated as a forward-looking discrete choice dynamic programming problem. Simulated maximum likelihood estimates of...

This paper formulates and estimates a dynamic programming model of optimal educational financing decisions. The main purpose of the paper is to measure the effect of short-term parental cash transfers, received during school, on educational borrowing and in-school work decisions, and on...