The Sensitivity Of Structural Labor Supply Estimations To Modeling Assumptions
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Author | : |
Publisher | : Elsevier |
Total Pages | : 749 |
Release | : 2018-09-27 |
Genre | : Business & Economics |
ISBN | : 0444633898 |
Handbook of Behavioral Economics: Foundations and Applications presents the concepts and tools of behavioral economics. Its authors are all economists who share a belief that the objective of behavioral economics is to enrich, rather than to destroy or replace, standard economics. They provide authoritative perspectives on the value to economic inquiry of insights gained from psychology. Specific chapters in this first volume cover reference-dependent preferences, asset markets, household finance, corporate finance, public economics, industrial organization, and structural behavioural economics. This Handbook provides authoritative summaries by experts in respective subfields regarding where behavioral economics has been; what it has so far accomplished; and its promise for the future. This taking-stock is just what Behavioral Economics needs at this stage of its so-far successful career. - Helps academic and non-academic economists understand recent, rapid changes in theoretical and empirical advances within behavioral economics - Designed for economists already convinced of the benefits of behavioral economics and mainstream economists who feel threatened by new developments in behavioral economics - Written for those who wish to become quickly acquainted with behavioral economics
Author | : James Joseph Heckman |
Publisher | : Elsevier |
Total Pages | : 1013 |
Release | : 2007 |
Genre | : Econometrics |
ISBN | : 0444506314 |
As conceived by the founders of the Econometric Society, econometrics is a field that uses economic theory and statistical methods to address empirical problems in economics. It is a tool for empirical discovery and policy analysis. The chapters in this volume embody this vision and either implement it directly or provide the tools for doing so. This vision is not shared by those who view econometrics as a branch of statistics rather than as a distinct field of knowledge that designs methods of inference from data based on models of human choice ...
Author | : Kenneth Train |
Publisher | : Cambridge University Press |
Total Pages | : 399 |
Release | : 2009-07-06 |
Genre | : Business & Economics |
ISBN | : 0521766559 |
This book describes the new generation of discrete choice methods, focusing on the many advances that are made possible by simulation. Researchers use these statistical methods to examine the choices that consumers, households, firms, and other agents make. Each of the major models is covered: logit, generalized extreme value, or GEV (including nested and cross-nested logits), probit, and mixed logit, plus a variety of specifications that build on these basics. Simulation-assisted estimation procedures are investigated and compared, including maximum stimulated likelihood, method of simulated moments, and method of simulated scores. Procedures for drawing from densities are described, including variance reduction techniques such as anithetics and Halton draws. Recent advances in Bayesian procedures are explored, including the use of the Metropolis-Hastings algorithm and its variant Gibbs sampling. The second edition adds chapters on endogeneity and expectation-maximization (EM) algorithms. No other book incorporates all these fields, which have arisen in the past 25 years. The procedures are applicable in many fields, including energy, transportation, environmental studies, health, labor, and marketing.
Author | : Helmut Lütkepohl |
Publisher | : Cambridge University Press |
Total Pages | : 351 |
Release | : 2004-08-02 |
Genre | : Business & Economics |
ISBN | : 1139454730 |
Time series econometrics is a rapidly evolving field. Particularly, the cointegration revolution has had a substantial impact on applied analysis. Hence, no textbook has managed to cover the full range of methods in current use and explain how to proceed in applied domains. This gap in the literature motivates the present volume. The methods are sketched out, reminding the reader of the ideas underlying them and giving sufficient background for empirical work. The treatment can also be used as a textbook for a course on applied time series econometrics. Topics include: unit root and cointegration analysis, structural vector autoregressions, conditional heteroskedasticity and nonlinear and nonparametric time series models. Crucial to empirical work is the software that is available for analysis. New methodology is typically only gradually incorporated into existing software packages. Therefore a flexible Java interface has been created, allowing readers to replicate the applications and conduct their own analyses.
Author | : Alice Nakamura |
Publisher | : Academic Press |
Total Pages | : 526 |
Release | : 2014-05-10 |
Genre | : Business & Economics |
ISBN | : 148327635X |
The Second Paycheck: A Socioeconomic Analysis of Earnings is a comprehensive analysis of the socioeconomic aspects of earnings, with emphasis on the dynamic labor supply behavior of men and women. The importance of dynamic models in understanding labor supply is highlighted. The impact of children on the dynamic labor supply of men and women, and how changes in marital status affect female labor supply, are also discussed. Comprised of eight chapters, this book begins by considering several reasons why the labor force behavior of married women has become an important topic in the mainstream of the economics literature. The work behavior of married women is examined in the larger context of the work behavior of married and unmarried men and women. Furthermore, a microanalytic simulation approach to behavioral research and forecasting is presented. The behavioral model used in this study is then described. In addition to coefficient estimates, the probabilities of work, expected wage rates and expected hours of work are analyzed. A Heckman-type model of work behavior is also generalized to include unemployment. This monograph is intended for economists, sociologists, students of labor economics, researchers, forecasters, and those from all backgrounds who are interested in understanding or forecasting the employment and earnings behavior of women.
Author | : Michael C. Keeley |
Publisher | : Elsevier |
Total Pages | : 209 |
Release | : 2013-09-11 |
Genre | : Political Science |
ISBN | : 1483269965 |
Labor Supply and Public Policy: A Critical Review deals with the theoretical and empirical econometric research done on the determinants of labor supply and with the effects of public policies on labor supply. This book reviews the various estimates made from studies concerning the economics of labor supply and evaluates the econometric methods that these studies have used. This text also analyzes the labor-supply phenomena, the costs of the different public programs, as well as, the implications of the empirical findings of these studies. The emphasis is on empirical research: many policies that are made depend on the scale of changes in the wage rates and non-market (household) income on hours of work. This book also focuses more on the determinants of the allocation of time between the market and household sectors. The text notes that by using the means of the estimates in the different studies under review, the labor-supply response to public policies involving net wages or income, shows a substantial (but not overwhelming) reaction. This book then correlates this finding with the tax and transfer programs, such as food stamps, unemployment insurance, AFDC (aid to families with dependent children), and NIT (negative income tax). This book is suitable for economists, social workers, and policy makers who are involved in social services, community development, welfare, taxation, labor, and employment.
Author | : Orley Ashenfelter |
Publisher | : Elsevier |
Total Pages | : 930 |
Release | : 1999-11-18 |
Genre | : Business & Economics |
ISBN | : 0080544185 |
Modern labor economics has continued to grow and develop since the first volumes of this Handbook were published. The subject matter of labor economics continues to have at its core an attempt to systematically find empirical analyses that are consistent with a systematic and parsimonious theoretical understanding of the diverse phenomenon that make up the labor market. As before, many of these analyses are provocative and controversial because they are so directly relevant to both public policy and private decision making. In many ways the modern development in the field of labor economics continues to set the standards for the best work in applied economics.This volume of the Handbook has a notable representation of authors - and topics of importance - from throughout the world.
Author | : Orley Ashenfelter |
Publisher | : Elsevier |
Total Pages | : 800 |
Release | : 1999-11-18 |
Genre | : Business & Economics |
ISBN | : 9780444501899 |
A guide to the continually evolving field of labour economics.
Author | : Solomon W. Polachek |
Publisher | : Emerald Group Publishing |
Total Pages | : 399 |
Release | : 2011-09-26 |
Genre | : Business & Economics |
ISBN | : 1780523335 |
This volume contains nine original innovative chapters on worker well-being. Three chapters are on time allocated to work and human capital acquisition, three on aspects of risk in the earnings process, two on migration, and finally one on how tax policies affect poverty.
Author | : Eugene Choo |
Publisher | : Emerald Group Publishing |
Total Pages | : 447 |
Release | : 2013-12-18 |
Genre | : Business & Economics |
ISBN | : 1783500530 |
This volume focuses on recent developments in the use of structural econometric models in empirical economics. The first part looks at recent developments in the estimation of dynamic discrete choice models. The second part looks at recent advances in the area empirical matching models.