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利用 PSID 估计男性劳动收入波动的变化趋势AI 解读

The Panel Study of Income Dynamics (PSID) has been the workhorse dataset used to estimate trends in U.S. earnings volatility at the individual level. We provide updated estimates for male earnings volatility using additional years of data. The analysis confirms prior work showing upward trends in the 1970s and 1980s, with a near doubling of the level of volatility over that period. The results also confirm prior work showing a resumption of an upward trend starting in the…

收入动态中经典永久—暂时模型的半参数估计AI 解读

This paper presents identification and estimation results for a flexible state space model. Our modification of the canonical model allows the permanent component to follow a unit root process and the transitory component to follow a semiparametric model of a higher‐order autoregressive‐moving‐average (ARMA) process. Using panel data of observed earnings, we establish identification of the nonparametric joint distributions for each of the permanent and transitory components…

摘要暂缺

工作离职的动态：联邦雇员案例AI 解读

Abstract In this paper we develop a model of workers' quit decisions . Using panel data on a sample of US Federal government employees we use maximum‐likelihood techniques to determine how much of the observed decline in quits with job tenure is a result of declining individual quit propensities (‘state dependence’) rather than dynamic sample self‐selection (‘heterogeneity’). The latter is found to be much more important than the former. The effects of relative Federal…

分段线性预算约束的计量经济学：综述与最大似然方法阐释AI 解读

Robert Moffitt, The Econometrics of Piecewise-Linear Budget Constraints: A Survey and Exposition of the Maximum Likelihood Method, Journal of Business & Economic Statistics, Vol. 4, No. 3 (Jul., 1986), pp. 317-328

分段线性预算约束的计量经济学AI 解读

In this article maximum likelihood techniques for estimating consumer demand functions when budget constraints are piecewise linear are exposited and surveyed. Consumer demand functions are formally derived under such constraints, and it is shown that the functions are themselves nonlinear as a result. The econometric problems in estimating such functions are exposited, and the importance of the stochastic specification is stressed, in particular the specification of both…

摘要暂缺

单因子多项 Probit 模型的高效数值求积方法AI 解读

A PROBLEM OF ESTIMATION that has long confronted many economists is the difficulty of estimating the parameters of equations with limited dependent variables on cross-section time-series (i.e., panel) data. While there are widely available packaged computer programs for estimating either (a) cross-section probit and Tobit models or (b) simple permanent-transitory, random-effects panel models with continuous dependent variables, there are no available computationally feasible…