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We present a semiparametric method to estimate group-level dispersion, which is particularly effective in the presence of censored data. We apply this procedure to obtain measures of occupation-specific wage dispersion using top-coded administrative wage data from the German IAB Employment...
Persistent link: https://www.econbiz.de/10011279338
The paper studies the degree of homogeneity of innovative behavior in order to determine empirically an industry classi¯cation of Dutch manufacturing that can be used for policy purposes. We use a two-limit tobit model with sample selection, which explains the decisions by business enterprises...
Persistent link: https://www.econbiz.de/10005510292
common stochastic trends and common stochastic cycles. When modeling the dynamics of multiple time series for a panel of …
Persistent link: https://www.econbiz.de/10005511931
Persistent link: https://www.econbiz.de/10005542667
In this paper we extend the concept of serial correlation common features to panel data models. This analysis is … panel data with autocorrelation present and by an increase in efficiency coming from pooling procedures. We propose …
Persistent link: https://www.econbiz.de/10005405998
In this paper we examine the importance of financial and other obstacles to innovation in the Netherlands using statistical information from the CIS 3.5 innovation survey. We report results on the effect of these obstacles on the firms’ decision to abandon, prematurely stop, seriously slow...
Persistent link: https://www.econbiz.de/10005406079
This paper proposes a method to implement maximum likelihood estimation of the dynamic panel data type 2 and 3 tobit …
Persistent link: https://www.econbiz.de/10005451579
Several panel unit root tests that account for cross section dependence using a common factor structure have been … cross sectional dimension of the panel. …
Persistent link: https://www.econbiz.de/10011165158
We present an efficiency wage model in which workers'' effort depends on the level and on the growth rate of their wage relative to an alternative wage. Using data for four countries (US, UK, FR, GY), the implications of the model are examined and are found to be in accordance with the...
Persistent link: https://www.econbiz.de/10011199153
This paper explores the aggregation problem and illustrates its relevance using data for the Netherlands from the third Community Innovation Survey (CIS3), and production and financial statistics. It compares the results of an innovation output equation that was estimated using data on...
Persistent link: https://www.econbiz.de/10011201914