We develop a simulation based approach that can determine whether the semiparametric efficiency bound of a dynamic discrete choice model with fixed effects is zero or not. We illustrate the usefulness of our approach by considering a simplified version of Keane and Wolpin's (1997) model, where...

In this paper, we expand on the seminal work of <xref ref-type="bibr" rid="R4">Altonji and Shakotko (1987)</xref> and <xref ref-type="bibr" rid="R38">Topel (1991)</xref> and reinvestigate the returns to seniority in the United States. We begin with the same wage equation as in previous studies. We extend the model of <xref ref-type="bibr" rid="R25">Hyslop (1999)</xref> and explicitly model the...

A pervasive concern with the use of self-reported health measures in behavioural models is that individuals tend to exaggerate the severity of health problems in order to rationalize their decisions regarding labour force participation, application for disability benefits, etc. We re-examine...

This paper presents an audit' of the multistage application and appeal process that the U.S. Social Security Administration (SSA) uses to determine eligibility for disability benefits from the Disability Insurance (DI) and Supplemental Security Income (SSI) programs. We study a subset of...

A pervasive concern with the use of self-reported health and disability measures in behavioral models is that they are biased and endogenous. A commonly suggested explanation is that survey respondents exaggerate the severity of health problems and incidence of disabilities in order to...

This paper examines the mobility of individuals through the wage and earnings distributions, using 1979-1991 data from the National Longitudinal Survey of Youth. Lifetime wages will be more equally distributed than wages from any single year if individuals change position in the wage...

This paper examines the mobility of individuals through the wage and earnings distributions. This is of extreme importance since mobility has a direct implication for the way one views the vast changes in wage and earnings inequality in the United States over the last few decades. The measures...

A recently developed quantile regression technique, which parsimoniously describes the entire conditional distribution, is applied to every March Current Population Survey since 1964. The study examines changes in the returns to schooling and experience at different points of the wage...