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Persistent link: https://www.econbiz.de/10007412554
This paper aims at investigating the determinants of self- employment within a structural model of discrete choice under uncertainty. The basic idea of our approach centres around Knight's (1921) famous view of entrepreneurs receiving risk-adjusted income that has to exceed the income of...
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[eng] Combining Panel Data and Macro Information for the Estimation of a Panel Probit Model . by François Laisney and Michael Lechner . When studying particular subgroups of a population the econometrician typically has few observations, and should draw upon any additional relevant information....
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This paper investigates the properties of Box-Cox specifications for the labour supply of married women in France, estimated in four stages involving two dichotomous models, a regression with selectivity correction, and the calculation of sample means. Previous estimates implied wage...
Persistent link: https://www.econbiz.de/10005065879
We propose four different GMM estimators that allow almost consistent estimation of the structural parameters of panel probit models with fixed effects for the case of small <italic>T</italic>and large <italic>N</italic>. The moments used are derived for each period from a first order approximation of the mean of the dependent...
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In several OECD countries age-targeted wage subsidies have been introduced to increase the employment of older workers, but evidence on their effectiveness is scarce. This paper examines the effects of a permanent wage cost subsidy in Belgium on the employment rate, working time and hourly wage....
Persistent link: https://www.econbiz.de/10011265377