This article extends the LSDV bias-corrected estimator in (Bun and Carree, 2005) to unbalanced panels and discusses the analytic method of obtaining the solution. Using a Monte Carlo approach the article compares the performance of this estimator with three other available techniques for dynamic...

This article compares the performance of three recently proposed estimators for dynamic panel data models (LSDV bias-corrected, MLE and MDE) along with GMM. Using Monte Carlo, we find that MLE and bias-corrected estimators have the smallest bias and are good alternatives for the GMM. System-GMM...

This article examines determinants of working hours by self-employed, explicitly discriminating between preference and productivity effects. A simple model of working hours is derived, not requiring expected profit data. The model is estimated using data from a Dutch survey of 1350 start-ups....