Simulation estimation of two-tiered dynamic panel Tobit models with an application to the labor supply of married women
双层动态面板 Tobit 模型的模拟估计：已婚女性劳动供给AI 解读 ↓
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双层动态面板 Tobit 模型的模拟估计：已婚女性劳动供给
- 研究问题
- 如何估计已婚女性劳动参与与参与后的工时这两个动态决策，并分析生育、丈夫收入及不同年龄子女与劳动供给的关系？
- 方法与思路
- 作者用基于 GHK 模拟器递归算法的程序近似对数似然并最大化，将模拟估计用于双层动态面板 Tobit 模型。
- 材料陈述的贡献
- 摘要称方法具有计算可行性；应用拒绝生育和丈夫收入外生的假设，并报告六至十三岁子女对参与与工时可能有相反影响。
- 阅读关注点
- 应核对两层决策的动态设定、初始条件和内生性处理、模拟似然精度，以及外生性检验与平均偏效应的计算。
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- 仅依据所给 OpenAlex 版本摘要；识别条件、内生性处理和效应幅度未说明，不能直接据此作因果判断或推断版本变化。
原文摘要
In this paper a computationally practical simulation estimator is proposed for the two-tiered dynamic panel Tobit model originally developed by Cragg (1971). The log-likelihood function simulated through procedures based on a recursive algorithm formulated by the Geweke–Hajivassiliou–Keane simulator is maximized. The simulation estimators are then applied to study the labor supply of married women. The rich dynamic structure of the labor force participation decision as well as hours worked decisions that are conditional on the participation of married women are identified by using the proposed simulation estimators. The average partial effects of the participation and hours worked decisions for married women in response to fertility decisions and increases in the husband's income are also investigated. It is found that the hypothesis that the fertility decision is exogenous and the hypothesis that the husband's income is exogenous to married women's labor supply function are both rejected in the dynamic and static two-tiered models. Moreover, children aged between 6 and 13 years old may have a negative impact on the hours worked decision for married women that is conditional on their participation. However, these children may provide some positive incentives for married women to participate in the labor force. Copyright © 2009 John Wiley & Sons, Ltd.