estimator is biased in the context of dynamic estimation. The estimators taking into account the resulting bias can be grouped … broadly into the class of instrumental estimators and the class of direct bias corrected estimators. The simulation results … clearly favour the direct bias corrected estimators, especially the estimator proposed by Hansen (2001). The superiority of …

Verwendung der Selektivitätskorrektur der nach der Theorie erwartete positive Effekt des Reservationslohns auf die …