A structural analysis of the correlated random coefficient wage regression model
نویسندگان
چکیده
منابع مشابه
A Structural Analysis of the Correlated Random Coefficient Wage Regression Model
We estimate a nite mixture dynamic programming model of schooling decisions in which the log wage regression function is set in a random coe¢ cient framework. We also analyze the determinants of 3 counterfactual experiments (a college attendance subsidy, a high school graduation subsidy and an overall decrease in the rate of time preference) and examine a proposition often claimed in the Aver...
متن کاملA Structural Analysis of the Correlated Random Coefficient Wage Regression Model with an Application to the OLS-IV Puzzle
A Structural Analysis of the Correlated Random Coefficient Wage Regression Model with an Application to the OLS-IV Puzzle We estimate a finite mixture dynamic programming model of schooling decisions in which the log wage regression function is set within a correlated random coefficient model and we use the structural estimates to perform counterfactual experiments. We show that the estimates o...
متن کاملA Structural Analysis of the Correlated Random Coe¢ cient Wage Regression Model1
We estimate a nite mixture dynamic programming model of schooling decisions in which the log wage regression function is set in a random coe¢ cient framework. We also analyze the determinants of 3 counterfactual experiments (a college attendance subsidy, a high school graduation subsidy and an overall decrease in the rate of time preference) and examine a proposition often claimed in the Aver...
متن کاملTesting the Correlated Random Coefficient Model.
The recent literature on instrumental variables (IV) features models in which agents sort into treatment status on the basis of gains from treatment as well as on baseline-pretreatment levels. Components of the gains known to the agents and acted on by them may not be known by the observing economist. Such models are called correlated random coe cient models. Sorting on unobserved components of...
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ژورنال
عنوان ژورنال: Journal of Econometrics
سال: 2007
ISSN: 0304-4076
DOI: 10.1016/j.jeconom.2006.07.021