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A Maximum Likelihood Method for the Incidental Parameter Problem
Moreira, Marcelo J. - 2010
This paper uses the invariance principle to solve the incidental parameter problem. We seek group actions that preserve the structural parameter and yield a maximal invariant in the parameter space with fixed dimension. M-estimation from the likelihood of the maximal invariant statistic yields...
Persistent link: https://www.econbiz.de/10012759543
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Forming Priors for DSGE Models (and How it Affects the Assessment of Nominal Rigidities)
Del Negro, Marco - 2010
The paper discusses prior elicitation for the parameters of dynamic stochastic general equilibrium (DSGE) models, and provides a method for constructing prior distributions for a subset of these parameters from beliefs about the moments of the endogenous variables. The empirical application...
Persistent link: https://www.econbiz.de/10012759604
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Vector Multiplicative Error Models : Representation and Inference
Cipollini, Fabrizio - 2010
The Multiplicative Error Model introduced by Engle (2002) for positive valued processes is specified as the product of a (conditionally autoregressive) scale factor and an innovation process with positive support. In this paper we propose a multi-variate extension of such a model, by taking into...
Persistent link: https://www.econbiz.de/10012760542
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Death to the Log-Linearized Consumption Euler Equation! (And Very Poor Health to the Second-Order Approximation)
Carroll, Christopher D. - 2010
This paper shows that standard empirical methods for estimating log-linearized consumption Euler equations cannot successfully uncover structural parameters like the coefficient of relative risk aversion from the dataset of simulated consumers behaving exactly according to the standard model....
Persistent link: https://www.econbiz.de/10012763629
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Are Foreign Stem Phds More Entrepreneurial? Entrepreneurial Characteristics, Preferences and Employment Outcomes of Native and Foreign Science & Engineering Phd Students
Roach, Michael - 2019
Prior research has shown that immigrants make important contributions to US innovation and are more likely than natives to become entrepreneurs. However, there is little evidence on how foreign and native high-skilled workers differ prior to entering the workforce. Moreover, little attention has...
Persistent link: https://www.econbiz.de/10012863274
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Born in the Family : Preferences for Boys and the Gender Gap in Math
Dossi, Gaia - 2019
We study the correlation between parental gender attitudes and the performance in mathematics of girls using two … when we study the correlations between girls' performance in mathematics and maternal gender role attitudes, using evidence … the observed gender disparities in mathematics performance and document that maternal gender attitudes correlate with …
Persistent link: https://www.econbiz.de/10012893132
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Dynamics of the Gender Gap in High Math Achievement
Ellison, Glenn - 2018
the American Mathematics Competition. A clear gender gap is already present by 9th grade and the gender gap widens over …
Persistent link: https://www.econbiz.de/10012912463
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High-Skilled Immigration, Stem Employment, and Non-Routine-Biased Technical Change
Jaimovich, Nir - 2017
We study the role of foreign-born workers in the growth of employment in STEM occupations since 1980. Given the importance of employment in these fields for research and innovation, we consider their role in a model featuring endogenous non-routine-biased technical change. We use this model to...
Persistent link: https://www.econbiz.de/10012962715
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The Labor of Division : Returns to Compulsory High School Math Coursework
Goodman, Joshua - 2017
Despite great focus on and public investment in STEM education, little causal evidence connects quantitative coursework to students' economic outcomes. I show that state changes in minimum high school math requirements substantially increase Black students' completed math coursework and their...
Persistent link: https://www.econbiz.de/10012964911
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Can Online Off-the-Shelf Lessons Improve Student Outcomes? Evidence from a Field Experiment
Kirabo Jackson, C. - 2016
There has been a proliferation of websites that warehouse instructional materials designed to be taught by teachers in a traditional classroom. While this new technology has revolutionized how most teachers plan their lessons, the potential benefits of this innovation are unknown. To present...
Persistent link: https://www.econbiz.de/10012987129