This paper utilizes data collected at the county level over the period 1983-92 to reconsider the roles of short-run and long-run unemployment in earnings determination. The results of estimating a dynamic model of earnings determination using the generalized methods of moments approach of M....

In the literature, technical efficiency generally is used as a relative concept. The potential output of the firm is used as the norm with which the firm's actual output is compared with to arrive at a measure of technical efficiency. While setting up the norm and modeling the actual production...

Data series containing more than 200 observations are common in financial economics. The usefulness of the cusumsq test in such medium-sized samples has been hampered by the lack of tabulated confidence bounds and by the inaccuracy of asymptotic approximations. In this paper, the authors extend...

In this paper, we address two issues: the small sample variability in estimation of the parameters of female labor force participation models with dichotomous dependent variables due to random variation across small samples; and whether large-sample estimates of discrete-choice models yield the...

Probabilistic migration models assume that informal sector employment serves a transitory role for migrants seeking formal sector jobs, but direct evidence on job search from informal sector employment is scarce. Based on survey data on 1600 migrants in Delhi, this paper is the first attempt to...

Variable addition tests for parameter stability are based on the use of test variables constructed as the product of dummy variables and the variables whose coefficient is believed to have changed. The object of this note is to analyze some power properties of this class of tests. The main...