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Recent survey validation studies suggest that measurement error in earnings data is pervasive and violates classical measurement error assumptions and, therefore, may bias estimation of cross-section and longitudinal earnings models. The authors model the structure of earnings measurement error...
Persistent link: https://www.econbiz.de/10005075969
This article examines municipal union employment and wage effects in a sample of police, fire, sanitation, streets and highways, and finance and control departments from approximately 900 U.S. cities during 1977-80. Cross-section results for 1980 suggest positive union contract effects on fire...
Persistent link: https://www.econbiz.de/10005781279
This article defines and analyzes job security in the context of implicit contracts designed to overcome incentive problems in the employment relationship. Contracts of this nature generate predictions concerning the relationship between job security parameters--such as worker seniority and...
Persistent link: https://www.econbiz.de/10005725627
The authors investigate the effect of tenure on employee retention under varying labor market conditions. Using a competing risks analysis of recall and new job acceptance applied to layoff unemployment spell data from waves fifteen and sixteen (1982-83) of the Panel Study of Income Dynamics,...
Persistent link: https://www.econbiz.de/10005725731
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We describe recent progress in several areas related to endogeneity, including: choice set formation and attention to attributes; interactions among decision-makers; respondents' strategic behavior in answering stated preference choices; models of multiple discrete/continuous choice; distributions...
Persistent link: https://www.econbiz.de/10005680446
When land markets are incomplete, parcels can be scaled to make control compatible with use and to internalize externalities. The authors show that an arbitrage-proof equilibrium implies an increasing and strictly concave relationship between the value and size of land parcels. Undeveloped land...
Persistent link: https://www.econbiz.de/10005741001
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The bootstrap and multiple imputations are two techniques that can enhance the accuracy of estimated confidence bands and critical values. Although they are computationally intensive, relying on repeated sampling from empirical data sets and associated estimates, modern computing power enables...
Persistent link: https://www.econbiz.de/10005563051