Duration dependence and nonparametric heterogeneity: A Monte Carlo study

By Michael Baker, A. Melino. 2000

217 citations recorded by the source corpus.

Subfields: Demography, Finance, Statistics and Probability

View Paper: https://www.semanticscholar.org/paper/1890c5a40d25383c73f048110a952f060164cab5

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Demography

1. Gerard J. van den Berg
2. K. Røed
3. Simen Gaure
4. M. Leonardi
5. Tao Zhang

In Finance

1. Tiemen Woutersen
2. Gerard J. van den Berg
3. K. Røed
4. Simen Gaure
5. M. Leonardi
6. Tao Zhang
7. Christian Belzil

In Statistics and Probability

1. Gerard J. van den Berg
2. Bruno Crépon
3. Tiemen Woutersen
4. K. Røed
5. Geert Ridder
6. Simen Gaure
7. M. Leonardi
8. Tao Zhang

Citations in the corpus

• Time and Causality: A Monte Carlo Assessment of the Timing-of-Events Approach (2007, methodology): “…penalised likelihood criterion is ˆ( ) (# )W Ml a parametersµ − , where Ma is a penalty function derived from the total number of observations M.5 Baker and Melino (2000) propose to use either the Bayesian information criterion (BIC) or the Hannan-Quinn information criterion (HQIC) in order…”
• Does Unemployment Compensation Affect Unemployment Duration (2003, unknown): “Moreover, small changes in the number of mass-points hardly affected the results of interest at all (including the spell duration baseline hazard rate), hence the selection of Information Criterion (see Baker and Melino, 2000) is of minor importance in the present case.”
• Counseling the Unemployed: Does it Lower Unemployment Duration and Recurrence? (2005, background): “9 Flexibility of the baseline hazard is limited by the practical difficulties in estimating it jointly with the unobserved heterogeneity distribution (Baker and Melino, 2000).”
• Can Risk Aversion Explain Schooling Attainments? Evidence from Italy (2007, background): “This is true both at the theoretical and at the empirical level.(1) Although human capital is undoubtedly the main component of individual assets, the link between risk aversion and human capital accumulation, and in particular schooling, remains largely hypothetical.”
• Duration models: specification, identification and multiple durations (2000, background): “See Trussell and Richards (1985), Lancaster (1990) and Baker and Melino (2000) for additional insights into this estimator and for alternative computational strategies.”
• The Singularity of the Information Matrix of the Mixed Proportional Hazard Model (2002, background): “Econometrica, Vol. 71, No. 5 (September, 2003), 1579–1589 THE SINGULARITY OF THE INFORMATION MATRIX”
• The duration of trade revisited (2011, unknown): “Heckman and Singer, 1984b, for continuous time and Baker and Melino, 2000, for discrete time). In an extensive simulation study of the discrete-time logit model, Baker and Melino (2000) find that misspecification of the heterogeneity distribution can lead to substantial biases in the parameter estim”
• The unobserved heterogeneity distribution in duration analysis (2007, unknown): “Extensive simulation evidence is provided by for example Baker & Melino (2000) and Bretagnolle & Huber-Carol (1988).”