Estimating labor force joiners and leavers using a heterogeneity augmented two-tier stochastic frontier
利用异质性扩展的双层随机前沿估计劳动力进入者与退出者
In a seminal paper, Basmann (1985) introduced a serial correlation structure based on an intertemporal adjustment mechanism. Basmann’s 1985 paper of course was built on his previous pioneering work on estimation and identifiability in structural equations leading to 2SLS (Basmann, 1957, 1960). In this paper, we follow a similar path. We derive a non-standard unit root serial correlation formulation for intertemporal adjustments in the labor force participation rate. This…