Similar Search Results

Estimation of Dynamic Discrete Choice Models by Maximum Likelihood and the Simulated Method of Moments

Eisenhauer, Philipp; Heckman, James J.; Mosso, Stefano - Institute for the Study of Labor (IZA) - 2014

We compare the performance of maximum likelihood (ML) and simulated method of moments (SMM) estimation for dynamic discrete choice models. We construct and estimate a simplified dynamic structural model of education that captures some basic features of educational choices in the United States in...

Persistent link: https://www.econbiz.de/10010959620

A Simulation of an Income Contingent Tuition Scheme in a Transition Economy

Vodopivec, Milan - Institute for the Study of Labor (IZA) - 2004

The paper takes advantage of exceptionally rich longitudinal data on the universe of labor force participants in Slovenia and simulates the working of an income contingent loan scheme to partly recover tuition costs. The simulations show that under the base variant (where the target cost...

Persistent link: https://www.econbiz.de/10005761698

A Computationally Practical Simulation Estimation Algorithm for Dynamic Panel Data Models with Unobserved Endogenous State Variables

Keane, Michael P.; Sauer, Robert M. - Institute for the Study of Labor (IZA) - 2009

This paper develops a simulation estimation algorithm that is particularly useful for estimating dynamic panel data …

Persistent link: https://www.econbiz.de/10005703001

Calculating Confidence Intervals for Continuous and Discontinuous Functions of Estimated Parameters

Ham, John C.; Woutersen, Tiemen - Institute for the Study of Labor (IZA) - 2011

The delta method is commonly used to calculate confidence intervals of functions of estimated parameters that are differentiable with non-zero, bounded derivatives. When the delta method is inappropriate, researchers usually first use a bootstrap procedure where they i) repeatedly take a draw...

Persistent link: https://www.econbiz.de/10009151016

Are Short-Lived Jobs Stepping Stones to Long-Lasting Jobs?

Cockx, Bart; Picchio, Matteo - Institute for the Study of Labor (IZA) - 2009

and lagged occurrence dependence. Second, in a simulation we find that (fe)male school-leavers accepting a short-lived job …

Persistent link: https://www.econbiz.de/10004980268

Mostly Harmless Simulations? On the Internal Validity of Empirical Monte Carlo Studies

Advani, Arun; Sloczynski, Tymon - Institute for the Study of Labor (IZA) - 2013

simulation exercise is informative about the actual ranking of various estimators when applied to a particular problem. We …

Persistent link: https://www.econbiz.de/10011128022

Modeling Income Dynamics for Public Policy Design: An Application to Income Contingent Student Loans

Higgins, Tim; Sinning, Mathias - Institute for the Study of Labor (IZA) - 2013

This paper studies the importance of dynamic earnings modeling for the design of income contingent student loans (ICLs). ICLs have been shown to be theoretically optimal in terms of efficiency in the presence of risk aversion, adverse selection and moral hazard, and have attractive equity...

Persistent link: https://www.econbiz.de/10011123404

Determinants and Policy Simulation of Firms Cooperation in Innovation

Heshmati, Almas; Lenz-Cesar, Flávio - Institute for the Study of Labor (IZA) - 2013

This research introduces an agent-based simulation model representing the dynamic processes of cooperative R&D in the … translated into simulation parameters which are calibrated to the point that the simulated artificial world are equivalent to the … one observed in the real world. The aim of the simulation game is to investigate the differences in sector responses to …

Persistent link: https://www.econbiz.de/10010884320

Forecasting Time Series Subject to Multiple Structural Breaks

Pesaran, M. Hashem; Pettenuzzo, Davide; Timmermann, Allan - Institute for the Study of Labor (IZA) - 2004

This paper provides a novel approach to forecasting time series subject to discrete structural breaks. We propose a Bayesian estimation and prediction procedure that allows for the possibility of new breaks over the forecast horizon, taking account of the size and duration of past breaks (if...

Persistent link: https://www.econbiz.de/10005763710

Chronic and Transient Poverty: Measurement and Estimation, with Evidence from China

Duclos, Jean-Yves; Araar, Abdelkrim; Giles, John - Institute for the Study of Labor (IZA) - 2006

The paper contributes to the measurement of poverty and vulnerability in three ways. First, we propose a new approach to separating poverty into chronic and transient components. Second, we provide corrections for the statistical biases introduced when using a small number of periods to estimate...

Persistent link: https://www.econbiz.de/10005763836