State dependence, serial correlation and heterogeneity in intertemporal participation behavior

Monte Carlo evidenceand empirical results for married women by Dean Hyslop

Publisher: Princeton University, Industrial Relations Section in Princeton

Written in English
Published: Downloads: 329
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Edition Notes

StatementDean Hyslop.
SeriesIndustrial relations working paper series / Princeton University, Industrial Relations Section -- no.347, Industrial relations working paper (Princeton University, Industrial Relations Section) -- no.347.
ID Numbers
Open LibraryOL21203031M

A predominant characteristic of annual participation behavior is the high degree of persistence in individual participation decisions. We use several model specifications to distinguish among the alternative explanations of this serial persistence: state dependence, individual unobserved heterogeneity, and serial correlation in the Title: Consultant at IRI. heterogeneity. We control for three types of persistence in terms of observed and unobserved heterogeneity, serial correlation, and structural state dependence, the focus being on the latter measure. The results show that state dependence in Swedish welfare participation was strong. This effect was three times as large for the foreign-born. Computational procedures for probing interactions in OLS and logistic regression: SPSS and SAS implementations, Behavior Research Methods, 41, [9] Hyslop, Dan R. (). State Dependence, Serial Correlation and Heterogeneity in Intertemporal Labor Force Participation of Married Women, Econometrica, 67(6). [10] Kay, R. and S. Little (). Hotz, V. J., F. Kydland and G. Sedlacek (), “Intertemporal Preferences and Labor Supply,” Econometrica, 57(2), , [J] Hyslop, Dean. (). “State dependence, serial correlation and heterogeneity in intertemporal participation behavior: Monte Carlo evidence and empirical results for married women.” Econometrica.

  Read "Binary choice panel data models with predetermined variables, Journal of Econometrics" on DeepDyve, the largest online rental service for scholarly research with thousands of academic publications available at your fingertips. State dependence, serial correlation and heterogeneity in intertemporal labor force participation of married. intertemporal risk aversion or intertemporal correlation aversion. This concept is the intertemporal analogue of a more general concept applied to two attributes of utility, but where the attributes just happen to be the time-dating of the good. In the context of intertemporal Cited by: Hyslop, Dean R. (), \State Dependence, Serial Correlation and Het-erogeneity in Intertemporal Labor Force participation of Married Women," Econometr Imai, s. and M.P. Keane (), \Intertemporal Labor Supply and Human Capital Accumulation," International Economic Rev Hyslop, Dean R. “State Dependence, Serial Correlation and Heterogeneity in Intertemporal Labor Force Participation of Married Women.” Econometrica Jacob, Brian. “Public Housing, Housing Vouchers and Student Achievement: Evidence from Public Housing Demolitions in Chicago.” American Economic Review 94(1):

intertemporal decisions (e.g., Kable, ). The focus in this chapter is on the psychological foundation of intertemporal decisions and the consequences for people’s decisions and behaviors. Much of the early research on the behavioral aspects of intertemporal preferences has compared observed behavior acrossFile Size: KB. to obtain a characterization of serial dependence in preferences. First, if panel data are available, one needs to account for serial correlation in the estimation procedure. Second, it may be of interest to predict the effect of policy simulations on . Michael Patrick Keane (born ) is an American/Australian economist who is currently professor of economics and Australian Research Council laureate fellow at the University of New South to he was the Nuffield Professor of Economics at the University of Oxford and a professorial fellow of Nuffield College. He is considered one of the world's Alma mater: MIT, Brown University.

State dependence, serial correlation and heterogeneity in intertemporal participation behavior by Dean Hyslop Download PDF EPUB FB2

A dynamic search framework is developed to analyze the intertemporal labor force participation behavior of married women, using longitudinal data to allow for a rich dynamic structure.

The sensitivity to alternative distributional assumptions is evaluated using linear probability and probit models. STATE DEPENDENCE, SERIAL CORRELATION AND HETEROGENEITY IN INTERTEMPORAL LABOR FORCE PARTICIPATION OF MARRIED WOMEN BY DEAN R.

HYSLOP 1 A dynamic search framework is developed to analyze the intertemporal labor force participation behavior of married women, using longitudinal data to allow for a rich Cited by: Participation decisions are characterized by significant positive state dependence, unobserved heterogeneity, and negatively correlated errors.

The hypothesis that women's participation is exogenous to their fertility decisions is rejected when dynamics are ignored, but there is no evidence against this hypothesis in dynamic specifications. The analysis uses first- and second-order dynamic conditional logit models that non-parametrically control for permanent unobserved heterogeneity to test for state dependence in welfare behavior.

The second-order model also absorbs individual-specific first-order Markov chains, and provides a more robust test for state dependence in high frequency data. There is no true state dependence. In this model individuals start out with identical urns. on Mincer’s model () of female labor supply.

They assume no state dependence. Urn model three is of special interest. In particular, I focus on the effects of true state dependence on the labor supply behavior along the extensive (labor market participation) and intensive margin (working hours).

True state dependence measures the causal effect of the previous working behavior on the current employment by: State Dependence, Serial Correlation and Heterogeneity in Intertemporal Labor Force Participation of Married Women The intertemporal labor force participation of married women is analyzed.

We allow for two sources of persistence: unobserved heterogeneity and state dependence. Estimation indicates that there is a large degree of heterogeneity. For half the population, there are modest degrees of state dependence. For the other half of the population, the degree of state dependence is near by: The analysis is applied to study state dependence in the labor force participation of married women.

Using conservative, nonparametric assumptions, it is possible to reject the hypothesis that there is no state dependence in the labor force participation outcomes of married women. This paper analyzes the intertemporal labor force participation behavior of married women using an annual longitudinal sample from the German Socio-Economic Panel.

A predominant characteristic of annual participation behavior is the high degree of persistence in individual participation decisions. This paper formulates and estimates a structural intertemporal model of labor force participation.

Relying on theoretical characterizations derived from an economic model of lifetime behavior, we estimate a dynamic probit model with correlated random effects using longitudinal data to allow for a dynamic structure. The model is applied to a panel of married women drawn Author: Roger Collet, Diego Legros.

State Dependence, Serial Correlation and Heterogeneity in Intertemporal Participation Behavior: Monte Carlo Evidence and Empirical Results for Married Women Working Papers, Princeton University, Department of Economics, Industrial.

() for dynamic “fixed effects” discrete choice models. We find strong state dependence, and substantial effects for fertility variables. Transitory and permanent non-labor income have in general small effects.

Keywords State dependence, serial correlation, heterogeneity, panel data, intertemporal labor force participation, by: 6. The high welfare participation rates among refugee immigrants may be due to the existence of a “welfare trap”, while participation among natives and non-refugee immigrants is largely due to permanent unobserved characteristics.

State dependence, serial correlation and heterogeneity in intertemporal labor force participation of married Cited by: State Dependence, Serial Correlation and Heterogeneity in Intertemporal Participation Behavior: Monte Carlo Evidence and Empirical Results for Married Women: D.

Hyslop: 10/ The Impact of Federal Civil Rights Policy on Black Economic Progress: Evidence From the Equal Employment Opportunity Act of K. Chay. The DPB function package Jack Lucchetti Claudia Pigini version Contents State dependence, serial correlation and heterogeneity in intertemporal labor force participation of married women.

Econometrica, 67(6){ Keane, M. A computationally practical simulation estimator for panel. Family labor supply, precautionary behavior, aggregate saving and employment: Language: English: State dependence, serial correlation and heterogeneity in intertemporal labor force participation of married women, Econometrica, 67 (), pp.

– We estimate a model of intertemporal male labor supply behavior which explicitly accounts for the effect of income taxation and the transfer system.

Moreover, we model the demand-side driven rationing risk that prevents agents from choosing the optimal labor supply state. Our results show that elasticities derived in an unconstrained pure choice model are significantly.

Strict exogeneity of covariates other than the lagged dependent variable, and conditional on unobserved heterogeneity, is often required for consistent estimation of binary panel data : Francesco Bartolucci, Claudia Pigini. En ligne HYSLOP D. [], ″State Dependence, Serial Correlation And Heterogeneity in Intertemporal Labor Force Participation of Married Women″, Econometrica, 67, p.

MUNDLAK Y. [], ″On the Pooling of Time Series and Author: Cyriaque Edon, Thierry Kamionka. Effects of State Dependence in Preferences and Opportunities within the framework of an intertemporal structural discrete choice model. The model allows for adjustment costs in addition to unobserved heterogeneity and structural state dependence both in preferences and in the choice set.

It is estimated on Norwegian admin. Carro and A. Traferri (). - Labour Economics: "State dependence, serial correlation and heterogeneity in intertemporal labor force participation of married women", D.

Hyslop () - I.O.: ¿Estimating the Consumer Surplus and Welfare Gains from. This paper analyzes transitions into and out of 3 different labor market states, social assistance, unemployment and employment.

We estimate a dynamic multinomial logit model, controlling for endogenous initial condition and unobserved heterogeneity, using a large representative Swedish panel data set, LINDA, for the years to The unadjusted data indicates.

Hotz, V. J., F. Kydland and G. Sedlacek (), “Intertemporal Preferences and Labor Supply,” Econometrica, 57(2),[J] Hyslop, Dean. (), “State dependence, serial correlation and heterogeneity in intertemporal participation behavior: Monte Carlo evidence and empirical results for married women.” Econometrica.

of persistence are controlled for in terms of observed and unobserved heterogeneity, serial correlation, and structural state dependence, the focus being on the latter measure. In a second step we analyze the long-run effects of receiving social assistance on future household earnings and disposable income.

The results show that state dependence in. D.R. HyslopState dependence, serial correlation and heterogeneity in intertemporal labor force participation of married women Econometrica, 67 (), pp.

Google ScholarCited by: 4. depends or not on previous decisions about participation in the labor market. This memory could be due to both serial persistence and state dependence of female participation.

Heckman () has made distinctions between serial correlation and state dependence being the latter associated to persistent individual heterogeneity (see also Hyslop. Dependent Variables” Econometrica, 68, Hyslop, Dean R.

() “State Dependence, Serial Correlation and Heterogeneity in Intertemporal Labor Force Participation Behavior of Married Women” Econometrica, 67, Semykina, Anastasia and Jeffrey M.

Wooldridge () “Estimating Panel Data Models in the. probability in the asymmetric information model of state dependence.

This is only one aspect of the finding—the im-plications of the models differ in a more general fashion. The intuition of this result is the following.

A neutral change has no effect on the repeat-purchase probability in the traditional model of state dependence, because it. - Health Economics: “State dependence and heterogeneity in health using a bias corrected fixed effects estimator”.

Carro and A. Traferri (). - Labour Economics: "State dependence, serial correlation and heterogeneity in intertemporal labor force participation of married women", D.

Hyslop (). An update bibliography about Latent Markov models Francesco Bartolucci Department of Economics, Finance, and Statistics State dependence, serial correlation and heterogeneity in intertemporal labor force participation of married .Behavior of Estimators without Strict Exogeneity Consistent under Sequential Exogeneity issues of serial correlation and dynamic effects need to be considered.

Further, time-constant heterogeneity and so-called state dependence, which describes the idea that, conditional on observed and unobserved factors, the probability of being File Size: KB.consider serial correlation in the errors and restrict heterogeneity to the intercept.

In contrast, the approach taken here can simultaneously accommodate a partially linear index function, general state dependence, serial correlation, and multiple correlated random effects, but in the setting of known disturbance and random effect distributions.