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Utility theory suggests that foreseeable risk should increase the compensation for work. This paper expands on this notion: on basis of utility theory, people should care not only about risk but also about the skewness in the distribution of the compensation paid. In particular, because the...
Persistent link: https://www.econbiz.de/10010262821
height to a statistically significant degree. A variety of estimation methods, tests and specifications yield robust results …
Persistent link: https://www.econbiz.de/10010282239
We present a structural model of firm growth, learning, and survival and consider its identification and estimation. In …
Persistent link: https://www.econbiz.de/10010262756
In the model of Harris and Holmstrom (1982) workers pay an insurance premium to prevent a wage decline. As employers are unable to assess the ability of a labour market entrant, they would offer a wage equal to expected productivity of the worker's category and adjust it with unfolding...
Persistent link: https://www.econbiz.de/10011420753
The large inflow of less-educated immigrants that the United States has received in recent decades can worsen or improve U.S. natives' labor market opportunities. Although there is a general consensus that low-skilled immigrants tend to hold "worse" jobs than U.S. natives, the impact of...
Persistent link: https://www.econbiz.de/10012322462
and when adoption is staggered over time, and discuss estimation and inference in each of these cases. We introduce the … sdid command which implements these methods in Stata, and provide a number of examples of use, discussing estimation …
Persistent link: https://www.econbiz.de/10014296651
modes of inference. This has implications for estimation and inference with 'big data', where memory constraints may imply …, this method can reduce computation time compared with traditional estimation routines. …
Persistent link: https://www.econbiz.de/10014469687
practical considerations for its estimation. We describe a Stata command eventdd that allows for simple estimation, inference …
Persistent link: https://www.econbiz.de/10012270202
Time-use researchers are typically interested in the time use of individuals, but time use data are samples of person-days. Given day-to-day variation in how people spend their time, this distinction is analytically important. We examine the conditions necessary to make inferences about the time...
Persistent link: https://www.econbiz.de/10010278563
We present a structural model of firm growth, learning, and survival and consider its identification and estimation. In …
Persistent link: https://www.econbiz.de/10005703362