We employ the model used by Fraker, Moffitt, and Wolf (1985) to estimate effective tax rates and guarantees in the Aid to Families with Dependent Children (AFDC) program for the years 1967-82 to produce comparable estimates for 1983-91. We compare this method of benefit prediction with other...

In this paper, we examine the impact of the coal boom in the 1970s and the subsequent coal bust in the 1980s on local labour markets in Kentucky, Ohio, Pennsylvania, and West Virginia. We address two main questions in our analysis. How were non-mining sectors affected by the shocks to the mining...

This paper extends the recent work of Hotz and Miller (1991) on the use of conditional choice probabilities to represent the valuation functions in the estimation of dynamic, discrete choice models. They derive a N1/2 consistent and asymptotically normal estimator of the structural parameters of...

This paper analyzes a new estimator for the structural parameters of dynamic models of discrete choice. Based on an inversion theorem due to V. J. Hotz and R. Miller (1993), which establishes the existence of a one-to-one mapping between the conditional valuation functions for the dynamic...

Human capital theory predicts that individuals acquire less schooling when the returns to schooling are small. To test this theory, the authors study the effect of the Appalachian coal boom on high school enrollments. During the 1970s, a boom in the coal industry increased the earnings of high...

Human capital theory predicts that individuals acquire less schooling when the returns to schooling are small. To test this theory, the authors study the effect of the Appalachian coal boom on high school enrollments. During the 1970s, a boom in the coal industry increased the earnings of high...