This paper studies under which conditions a cross-sectional regression yields unbiased estimates of the parameters of an individual dynamic model with fixed effects and individual-specific responses to macro shocks. We show that the OLS estimation of a relationship involving non stationary...

<p><p><p><p><p><p><p><p>In this paper, we document whether and how much the equalizing force of earnings mobility has changed in France in the 1990s. For this purpose, we use a representative three-year panel,the French Labour Force Survey. We develop a model of earnings dynamics that combines a flexible specification...</p></p></p></p></p></p></p></p>

<p><p><p>In this paper,we construct a nonparametric estimator of the distributions of latent factors in linear independent multi-factor models under the assumption that factor loadings are known. Our approach allows to estimate the distributions of up to L(L+1)/2 factors given L measurements. The...</p></p></p>

This article presents a discussion among leading economists on how to do empirical research in economics. The participants discuss their reasons for starting research projects, data base construction, the methods they use, the role of theory, and their views on the main alternative empirical...

We develop a dynamic discrete choice model of training choice, employment and wage growth, allowing for job mobility, in a world where wages depend on firm-worker matches, as well as experience and tenure and jobs take time to locate. We estimate this model on a large administrative panel data...

The purpose of this paper is to study the trade-off between purchases and home production of food. We develop a simple household production model which predicts a zero elasticity of home production with respect to total expenditure. Focusing on vegetables, we use data from the 1991 French...