Fixed effects maximum likelihood estimation of a flexibly parametric proportional hazard model with an application to job exits

We extend the fixed effects maximum likelihood estimator to a proportional hazard model with a flexibly parametric baseline hazard. We use the method to estimate a job duration model for young men, and show that failure to account for unobserved fixed effects causes negative schooling and union effects to be downward biased.

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Year of publication:	2012
Authors:	Light, Audrey ; Omori, Yoshiaki
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 116.2012, 2, p. 236-239
Publisher:	Elsevier
Subject:	Proportional hazard model \| Fixed effects \| Job mobility \| Causal schooling effects

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Type of publication:	Article
Classification:	C41 - Duration Analysis
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010597187