The paper is about the economic modelling of aggregate consumption expenditure with particular emphasis on the distribution effect of income. Under certain assumptions on the evolution over time of the population of households ("structural stability") we shall derive a first order approximation...

This paper presents recent econometric models of individual mobility on the labor market. The general framework is given by the theory of point processes which are continuous time finite state space processes. The first part of the paper is devoted to specification problems and the inference of...

The generalised method of moments (GMM) is combined with the nonparametric estimation of the instrument matrix to obtain an easily computable estimator for the panel probit model. It is based on the specification of the conditional mean of the binary dependent variable in each period, and...