The (mis)specification of discrete duration models with unobserved heterogeneity: A Monte Carlo study

被引:39
作者
Nicoletti, Cheti [1 ]
Rondinelli, Concetta [2 ,3 ]
机构
[1] Univ Essex, Inst Social & Econ Res, Colchester CO4 3SQ, Essex, England
[2] Bank Italy, Dept Econ Outlook & Monetary Policy Studies, I-00184 Rome, Italy
[3] Bocconi Univ, Carlo F Dondena Ctr Res Social Dynam, I-20136 Milan, Italy
基金
英国经济与社会研究理事会;
关键词
UNEMPLOYMENT SPELLS; TIME; COEFFICIENTS; INFORMATION; DEPENDENCE;
D O I
10.1016/j.jeconom.2010.04.003
中图分类号
F [经济];
学科分类号
020101 [政治经济学];
摘要
Empirical researchers usually prefer statistical models that can be easily estimated with the help of commonly available software packages. Sequential binary models with or without normal random effects are an example of such models that can be adopted to estimate discrete duration models with unobserved heterogeneity. But an easy-to-implement estimation may incur a cost. In this paper we conduct a Monte Carlo simulation to evaluate the consequences of omitting or misspecifying the unobserved heterogeneity distribution in single-spell discrete duration models. (C) 2010 Elsevier B.V. All rights reserved.
引用
收藏
页码:1 / 13
页数:13
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