Honoré, Bo E.; de Paula Neto, Áureo Nilo - In: Quantitative Economics 9 (2018) 3, pp. 1299-1333
This paper introduces a bivariate version of the generalized accelerated failure time model. It allows for simultaneity … the two states. We introduce simultaneity by allowing the utility flow to depend on the status of the other person. The … nonnegligible fraction of couples. The main empirical finding is that the simultaneity is economically important. In our preferred …