John Kennan,James R Walker
John Kennan
Differences in economic opportunities give rise to strong migration incentives, across regions within countries, and across countries. In this paper we focus on responses to differences in welfare benefits across States. We apply the model ...
Nonparametric model validations for hidden Markov models with applications in financial econometrics [0.03%]
隐马尔可夫模型的非参数检验及其在金融计量经济学中的应用
Zhibiao Zhao
Zhibiao Zhao
We address the nonparametric model validation problem for hidden Markov models with partially observable variables and hidden states. We achieve this goal by constructing a nonparametric simultaneous confidence envelope for transition densi...
Anan Pawasutipaisit,Robert M Townsend
Anan Pawasutipaisit
We use detailed income, balance sheet, and cash flow statements constructed for households in a long monthly panel in an emerging market economy, and some recent contributions in economic theory, to document and better understand the factor...
Social Security and the Retirement and Savings Behavior of Low Income Households [0.03%]
社会安全及低收入家庭的退休与储蓄行为
Wilbert van der Klaauw,Kenneth I Wolpin
Wilbert van der Klaauw
In this paper, we develop and estimate a model of retirement and savings incorporating limited borrowing, stochastic wage offers, health status and survival, social security benefits, Medicare and employer provided health insurance coverage...
National Estimates of Gross Employment and Job Flows from the Quarterly Workforce Indicators with Demographic and Industry Detail [0.03%]
含 demographic 和 industry 详细信息的季度劳动力指标的国内就业和工作流量估算
John M Abowd,Lars Vilhuber
John M Abowd
The Quarterly Workforce Indicators (QWI) are local labor market data produced and released every quarter by the United States Census Bureau. Unlike any other local labor market series produced in the U.S. or the rest of the world, QWI measu...
James J Heckman,Daniel Schmierer,Sergio Urzua
James J Heckman
The recent literature on instrumental variables (IV) features models in which agents sort into treatment status on the basis of gains from treatment as well as on baseline-pretreatment levels. Components of the gains known to the agents and...
Jun M Liu,Rong Chen,Qiwei Yao
Jun M Liu
In this paper a class of nonparametric transfer function models is proposed to model nonlinear relationships between 'input' and 'output' time series. The transfer function is smooth with unknown functional forms, and the noise is assumed t...
Specification and Estimation of Spatial Autoregressive Models with Autoregressive and Heteroskedastic Disturbances [0.03%]
具有自回归异方差扰动的空間自回歸模型的規範性和估計問題
Harry H Kelejian,Ingmar R Prucha
Harry H Kelejian
This study develops a methodology of inference for a widely used Cliff-Ord type spatial model containing spatial lags in the dependent variable, exogenous variables, and the disturbance terms, while allowing for unknown heteroskedasticity i...
Haiyong Liu,Thomas A Mroz,Wilbert van der Klaauw
Haiyong Liu
We analyze the roles of and interrelationships among school inputs and parental inputs in affecting child development through the specification and estimation of a behavioral model of household migration and maternal employment decisions. W...
Comparing IV With Structural Models: What Simple IV Can and Cannot Identify [0.03%]
工具变量法与结构化模型的比较：简单工具变量法能识别什么和不能识别什么
James J Heckman,Sergio Urzúa
James J Heckman
This paper compares the economic questions addressed by instrumental variables estimators with those addressed by structural approaches. We discuss Marschak's Maxim: estimators should be selected on the basis of their ability to answer well...