Discrete Choice Methods with Simulation PDF Download

Author: Kenneth Train
Publisher: Cambridge University Press
ISBN: 0521766559
Category : Business & Economics
Languages : en
Pages : 399

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Book Description
This book describes the new generation of discrete choice methods, focusing on the many advances that are made possible by simulation. Researchers use these statistical methods to examine the choices that consumers, households, firms, and other agents make. Each of the major models is covered: logit, generalized extreme value, or GEV (including nested and cross-nested logits), probit, and mixed logit, plus a variety of specifications that build on these basics. Simulation-assisted estimation procedures are investigated and compared, including maximum stimulated likelihood, method of simulated moments, and method of simulated scores. Procedures for drawing from densities are described, including variance reduction techniques such as anithetics and Halton draws. Recent advances in Bayesian procedures are explored, including the use of the Metropolis-Hastings algorithm and its variant Gibbs sampling. The second edition adds chapters on endogeneity and expectation-maximization (EM) algorithms. No other book incorporates all these fields, which have arisen in the past 25 years. The procedures are applicable in many fields, including energy, transportation, environmental studies, health, labor, and marketing.

Author: Richard Blundell
Publisher: Oxford University Press
ISBN: 0198749805
Category : Business & Economics
Languages : en
Pages : 485

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Book Description
Presents Richard Blundell's outstanding research on the modern economic analysis of labour markets and public policy reforms and brings together, in revised and integrated form, a number of the author's key papers.

Author: Isolde Woittiez
Publisher: Springer Science & Business Media
ISBN: 3642845088
Category : Business & Economics
Languages : en
Pages : 240

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Book Description
One of the major issues of policy makers in The Netherlands is to reduce the high unemployment rate. In 1988 economic growth was substantial in all OECD countries, which led to an increase in employment. The economic growth also induced extra labour supply, especially of married women, which altogether led to a smaller reduction in the unemployment rate than could have been expected in view of the economic growth (see Rapportage Arbeidsmarkt, 1989). The estimated official unemployment rate in 1988 is still 11. 0% of the total labour force. Therefore, there is a strong interest in policies that seek to increase employment (the demand side of the labour market) as well as in understanding the factors that influence labour supply. In this thesis we try to further such understanding by constructing a detailed model of household labour supply. The data we use relate t9 Dutch households in 1985. In that year the official rate of unemployment was 15. 9%. A distinguishing feature of Dutch labour supply is its very low level of female labour force participation, e. g. in 1985 it was only 35. 2%. Apart from Spain, which had a similar participation rate, most other industrialized OECD countries had a participation rate of around 60% (see OECD Labor Force Statistics).

Author: Stephane Hess
Publisher: Edward Elgar Publishing
ISBN: 1800375638
Category : Business & Economics
Languages : en
Pages : 797

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Book Description
This thoroughly revised second edition Handbook provides an authoritative and in-depth overview of choice modelling, covering essential topics range from data collection through model specification and estimation to analysis and use of results. It aptly emphasises the broad relevance of choice modelling when applied to a multitude of fields, including but not limited to transport, marketing, health and environmental economics.

Author: Christopher A. Sims
Publisher: Cambridge University Press
ISBN: 9780521566094
Category : Business & Economics
Languages : en
Pages : 434

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Book Description
This 1994 two-volume set of articles reflects the state of research in theoretical and applied econometrics. The topics covered include time series methods, semiparametric methods, seasonality, financial economics, model solution techniques, economic development and labour economics.

Author: Richard M. Scheffler
Publisher: World Bank Publications
ISBN: 1464809321
Category : Business & Economics
Languages : en
Pages : 305

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Book Description
This book, produced jointly by the World Bank, the University of California, Berkeley, and the WHO, aims to provide decision-makers at sub-national, national, regional and global levels with additional insights into how to address their workforce challenges rather than describe them. In order to optimize and align HRH investments and develop targeted policy responses, a thorough understanding of unique, country-specific labor market dynamics and determinants of these dynamics is critical. Policies need to take into account the fact that workers are economic actors, responsive to different levels of compensation and opportunities to generate revenue found in different sub-labor markets. Policies need to take into account the behavioral characteristics of the individuals who provide health care, but also the individuals who consume health care services and the institutions that employ health personnel. In other words, it is necessary to understand the determinants of both the supply (numbers of health workers willing to work in the health sector) and the demand for health workers (resources available to hire health workers), how these interact, and how this interaction varies in different contexts. This interaction will determine the availability of health personnel, their distribution as well as their performance levels, thus ensuring stronger health systems capable to deliver universal health coverage. The book is structured to be of use to researchers, planners, and economists who are tasked with analyzing key areas of health labor markets, including overall labor market assessments as well as and more narrow and targeted analyses of demand and supply (including production and migration), performance, and remuneration of health workers. The chapters, written by a number of internationally renowned experts on Human Resources for Health, discuss data sources and empirical tools that can be used to assess health labor markets across high-, middle- or low-income countries, but draws primarily from examples and case-studies in LMICs.

Author: Orley Ashenfelter
Publisher: North Holland
ISBN:
Category : Business & Economics
Languages : en
Pages : 820

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Book Description
Examines labour supply and demand and their impact on the wage structure. Explains the sources of income inequality, and the disincentive effects of attempts to produce a more equal distribution. Labour supply is considered in relation to the incentives which individuals have to provide labour services. Observes that heterogeneity in worker skills and employer demands often tempers the outcomes that would be expected in frictionless labour markets.

Author: Kenneth Wolpin
Publisher: Routledge
ISBN: 1136459413
Category : Business & Economics
Languages : en
Pages : 102

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Book Description
In the last twenty years there has been an explosion of economic research on labor force dynamics; the movement of individuals between labor force states. This book focuses on the methods by which behavioral theories of labor force dynamics have been empirically implemented. Most attention is paid to the partial equilibrium two-state transitional model of job search behavior. That model is the foundation for much of our thinking about the nature of unemployment at both the individual and aggregate levels. Although the basic formulation has remained the same, approaches to the empirical implementation of such models has changed dramatically.

Author: Elke Wolf
Publisher: Springer Science & Business Media
ISBN: 3642573746
Category : Business & Economics
Languages : en
Pages : 180

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Book Description
The more I live the more I learn. The more I learn the more I realize the less I know (Alan and Manly Bergman) This book is a slightly revised version of my dissertation thesis "Wages, hours restrictions and employment" accepted in July 2001 by the Department of Economics at Mannheim University. Most of the studies are part of the re search project "Working hours flexibility and employment" (Arbeitszeitjlexi bilisierung und Beschiijtigung) which was conducted at the Centre for Euro pean Economic Research (ZEW) with financial support by the Fritz Thyssen Stiftung. Now that all the work is complete, nothing remains but to thank all the people who supported the writing of my thesis. Firstly, I am indebted to my advisor Prof. Wolfgang Franz, who always furthered my academic work and encouraged me to take opportunities beyond the standard path. His guiding questions and comments were very valuable in gaining an overview of the whole issue. Furthermore, I am especially grateful to Prof. Daniel Hamermesh, my second advisor. I gained tremendously from the fruitful discussions during my stay at the University of Texas in Austin. His encouragement and verve were essential support factors in the completion of my work. Prof. Arthur van Soest and Prof. Franc;ois Laisney both contributed to the technical and methodological standard of my analysis by patiently discussing various model specifications and nerve-racking convergence problems.

Author: Kenneth I. Wolpin
Publisher: Psychology Press
ISBN: 9780415269407
Category : Business & Economics
Languages : en
Pages : 112

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Book Description
In the last twenty years there has been an explosion of economic research on labour force dynamics. This book focuses on the methods by which behavioural theories of labour force dynamics have been empirically implemented.