Estimation of Permanent and Transitory Response Functions in Panel Data PDF Download

Author: Lee A. Lillard
Publisher:
ISBN:
Category : Labor supply
Languages : en
Pages : 32

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Author: Rand Corporation
Publisher:
ISBN:
Category :
Languages : en
Pages : 35

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Author: Lee A. Lillard
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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The purpose of this paper is to develop and test a dynamic labor supply model which incorporates the essential features of these previous models. The issues of permanent and transitory effects and of cross section versus time series can be addressed much more directly given the recent availability of panel data featuring repeated observation over extended periods of time of the same individuals. The labor supply model presented emphasizes the effect of permanent individual wage differences on permanent annual hours of work and the effect of serially correlated transitory individual wage variation on short run hours of work. Permanent and transitory deviations from the aggregate labor supply functions are also allowed. A by-product is an analysis of the relative roles of permanent and transitory components of both wages and hours in the distribution of earnings. The first section introduces the topic and describes related works. The second section provides a description of the essential features of the model. Section III provides a detailed outline of the empirical model and method of obtaining maximum likelihood estimates of parameters. Section IV provides a discussion of the results including the components of variation in wages, hours, and earnings. Comparisons are made by schooling group, by experience group, by union status, and by wife's work status. Finally the results are summarized in Section V.

Author: László Mátyás
Publisher: Springer Science & Business Media
ISBN: 9400901372
Category : Business & Economics
Languages : en
Pages : 944

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The aim of this volume is to provide a general overview of the econometrics of panel data, both from a theoretical and from an applied viewpoint. Since the pioneering papers by Edwin Kuh (1959), Yair Mundlak (1961), Irving Hoch (1962), and Pietro Balestra and Marc Nerlove (1966), the pooling of cross sections and time series data has become an increasingly popular way of quantifying economic relationships. Each series provides information lacking in the other, so a combination of both leads to more accurate and reliable results than would be achievable by one type of series alone. Over the last 30 years much work has been done: investigation of the properties of the applied estimators and test statistics, analysis of dynamic models and the effects of eventual measurement errors, etc. These are just some of the problems addressed by this work. In addition, some specific diffi culties associated with the use of panel data, such as attrition, heterogeneity, selectivity bias, pseudo panels etc., have also been explored. The first objective of this book, which takes up Parts I and II, is to give as complete and up-to-date a presentation of these theoretical developments as possible. Part I is concerned with classical linear models and their extensions; Part II deals with nonlinear models and related issues: logit and pro bit models, latent variable models, duration and count data models, incomplete panels and selectivity bias, point processes, and simulation techniques.

Author: François Bourguignon
Publisher: Psychology Press
ISBN: 9780415269483
Category : Business & Economics
Languages : en
Pages : 338

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This volume is a comprehensive collection of critical essays on The Taming of the Shrew, and includes extensive discussions of the play's various printed versions and its theatrical productions. Aspinall has included only those essays that offer the most influential and controversial arguments surrounding the play. The issues discussed include gender, authority, female autonomy and unruliness, courtship and marriage, language and speech, and performance and theatricality.

Author: A. Atkinson
Publisher: Taylor & Francis
ISBN: 1136468862
Category : Business & Economics
Languages : en
Pages : 165

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Do individuals keep the same place on the earnings scale, or is there a great deal of mobility? This volume discusses the empirical studies of this issue.

Author: United States. National Commission on Employment and Unemployment Statistics
Publisher:
ISBN:
Category : Labor supply
Languages : en
Pages : 620

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Author:
Publisher:
ISBN:
Category : Econometrics
Languages : en
Pages : 764

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Author: United States. National Commission on Employment and Unemployment Statistics
Publisher:
ISBN:
Category : Labor supply
Languages : en
Pages : 692

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Author: United States. Congress. Joint Economic Committee
Publisher:
ISBN:
Category : Legislative hearings
Languages : en
Pages : 1514

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