Intergenerational Long-Term Effects of Preschool - Structural Estimates from a Discrete Dynamic Programming Model [0.03%]
基于离散动态规划模型的结构估计的学前教育的代际长期效果
James J Heckman,Lakshmi K Raut
James J Heckman
This paper formulates a structural dynamic programming model of preschool investment choices of altruistic parents and then empirically estimates the structural parameters of the model using the NLSY79 data. The paper finds that preschool i...
Risks of Large Portfolios [0.03%]
大型投资组合的风险
Jianqing Fan,Yuan Liao,Xiaofeng Shi
Jianqing Fan
The risk of a large portfolio is often estimated by substituting a good estimator of the volatility matrix. However, the accuracy of such a risk estimator is largely unknown. We study factor-based risk estimators under a large amount of ass...
Evaluating the effectiveness of Washington state repeated job search services on the employment rate of prime-age female welfare recipients [0.03%]
华盛顿州重复性求职服务对适龄女性福利接受者就业率的影响评估
Cheng Hsiao,Yan Shen,Boqing Wang et al.
Cheng Hsiao et al.
This paper uses an unbalanced panel dataset to evaluate how repeated job search services (JSS) and personal characteristics affect the employment rate of the prime-age female welfare recipients in the State of Washington. We propose a trans...
Gabriella Conti,Sylvia Frühwirth-Schnatter,James J Heckman et al.
Gabriella Conti et al.
This paper develops and applies a Bayesian approach to Exploratory Factor Analysis that improves on ad hoc classical approaches. Our framework relies on dedicated factor models and simultaneously determines the number of factors, the alloca...
An Evaluation of Financial Institutions: Impact on Consumption and Investment Using Panel Data and the Theory of Risk-Bearing [0.03%]
基于面板数据的金融机构作用机制研究——消费、投资和风险管理理论模型及实证分析
Mauro Alem,Robert M Townsend
Mauro Alem
The theory of the optimal allocation of risk and the Townsend Thai panel data on financial transactions are used to assess the impact of the major formal and informal financial institutions of an emerging market economy. We link financial i...
Estimation and model selection of semiparametric multivariate survival functions under general censorship [0.03%]
一般性删失下半参数多元生存函数的估计与模型选择问题
Xiaohong Chen,Yanqin Fan,Demian Pouzo et al.
Xiaohong Chen et al.
We study estimation and model selection of semiparametric models of multivariate survival functions for censored data, which are characterized by possibly misspecified parametric copulas and nonparametric marginal survivals. We obtain the c...
Andreea G Halunga,Denise R Osborn
Andreea G Halunga
We study estimation of the date of change in persistence, from [Formula: see text] to [Formula: see text] or vice versa. Contrary to statements in the original papers, our analytical results establish that the ratio-based break point estima...
Inference regarding multiple structural changes in linear models with endogenous regressors [0.03%]
含内生回归元线性模型中多次结构变化的推断问题
Alastair R Hall,Sanggohn Han,Otilia Boldea
Alastair R Hall
This paper considers the linear model with endogenous regressors and multiple changes in the parameters at unknown times. It is shown that minimization of a Generalized Method of Moments criterion yields inconsistent estimators of the break...
Limit Theory for Panel Data Models with Cross Sectional Dependence and Sequential Exogeneity [0.03%]
具有横向相依性和顺序外生性的面板数据模型的理论上限
Guido M Kuersteiner,Ingmar R Prucha
Guido M Kuersteiner
The paper derives a general Central Limit Theorem (CLT) and asymptotic distributions for sample moments related to panel data models with large n. The results allow for the data to be cross sectionally dependent, while at the same time allo...
On Spatial Processes and Asymptotic Inference under Near-Epoch Dependence [0.03%]
关于近时期依赖下的空间过程及渐近推断
Nazgul Jenish,Ingmar R Prucha
Nazgul Jenish
The development of a general inferential theory for nonlinear models with cross-sectionally or spatially dependent data has been hampered by a lack of appropriate limit theorems. To facilitate a general asymptotic inference theory relevant ...