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A characterization of endogeneity in the binomial regression model is given. The relationship to a model subject to selection is indicated. Maximum likelihood and nonlinear instrumental variable estimators are obtained and evaluated in a Monte Carlo study. A new LM test and a Hausman test...
Persistent link: https://www.econbiz.de/10005771225
The paper proposes two estimation approaches for duration models that are subject to right censored observations and selection effects. Main focus is on accelerated duration models and the estimators that are of the limited information type, i.e. they are not based on a fully specified selection...
Persistent link: https://www.econbiz.de/10001449796
The paper proposes two estimation approaches for duration models that are subject to right censored observations and selection effects. Main focus is on accelerated duration models and the estimators that are of the limited information type, i.e. they are not based on a fully specified selection...
Persistent link: https://www.econbiz.de/10011318601
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This paper studies the role of unemployment in the dissolution of relationships by applying a two-step estimation method to an extensive data set, which contains information about young Swedish males and females. Unemployment is recognized as endogenous in the separation decision, and the...
Persistent link: https://www.econbiz.de/10005651935
This paper concerns social accounting in an economy with union wage setting, where the equilibrium is characterized by unemployment. By analogy to the literature on social accounting under environmental external effects, the current value Hamiltonian (or extended NNP in utility terms) is not an...
Persistent link: https://www.econbiz.de/10005652028