Dynamic discrete choice models usually require a general specification of unobserved heterogeneity. In this paper, we … with a multivariate normal distribution for the unobserved heterogeneity, the Bayesian MCMC estimator yields almost … assumptions which are consistent with economic theory, e.g. log-normally distributed consumption preferences, the Bayesian method …

effects and (ii) unobserved worker heterogeneity in terms of the inherent cost of maintaining connections within a productive … informal network. The model predicts that a greater degree of unobserved heterogeneity tilts the estimates toward producing a … contact methods and wage offers requires a careful assessment of the unobserved heterogeneity and peer influences in the …

consistent with economic theory. The general model we suggest may provide future research with an interesting setting to test …

preferences, and also controls for the possible endogeneity of education, fertility and non-labor income. Significant positive … requires sustained or repeated interventions. -- dynamic labor supply ; heterogeneity ; multinomial choice ; state dependence …