Many studies have argued that relative income predicts individual well-being. More recently, it has been suggested that the relative rank of an individual’s income, rather than how that income compares to a mean or reference income, is important. Here the relative rank hypothesis is examined along with the additional hypothesis that individuals compare their incomes predominantly with those of ...

Generalized linear mixed models (GLMM) form a very general class of random effects models for discrete and continuous responses in the exponential family. They are useful in a variety of applications. The traditional likelihood approach for GLMM usually involves high dimensional integrations which are computationally intensive. In this work, we investigate the case of binary outcomes analyzed u...

Longitudinal data tracking repeated measurements on individuals are highly valued for research because they offer controls for unmeasured individual heterogeneity that might otherwise bias results. Random effects or mixed models approaches, which treat individual heterogeneity as part of the model error term and use generalized least squares to estimate model parameters, are often criticized be...

We propose quasi maximum likelihood (QML) estimation of dynamic panel models with spatial errors when the cross-sectional dimension n is large and the time dimension T is fixed. We consider both the random effects and fixed effects models and derive the limiting distributions of the QML estimators under different assumptions on the initial observations. We propose a residual-based bootstrap met...

This paper surveys recently developed approaches to analyzing panel data with nonlinear models. We summarize a number of results on estimation of fixed and random effects models in nonlinear modeling frameworks such as discrete choice, count data, duration, censored data, sample selection, stochastic frontier and, generally, models that are nonlinear both in parameters and variables. We show th...

Field records supplied by the American Simmental Association from 2-yr-old dams were used to study maternal grandsire • region of the U.S. and maternal grandsire • herd within region (herd/region) interactions. Regions were 1) Montana, North Dakota and South Dakota, 2) Kansas and Nebraska, 3) Texas and Oklahoma and 4) Alabama, Florida, Georgia, Louisiana and Mississippi. Analyses were conducted...

An important theoretical problem for criminologists is an explanation for the robust positive correlation between prior and future criminal offending. Nagin and Paternoster (1991) have suggested that the correlation could be due to timestable population differences in the underlying proneness to commit crimes (population heterogeneity) andyor the criminogenic effect that crime has on social bon...

Using publicly available aggregate data at an online retailer, we study how consumers search for durable goods. Specifically, we investigate the search patterns when, as is common with durable products, the total set of options consumers can choose from is very large. To study search patterns, we propose to analyze our aggregate data by defining a product network, consisting of the products and...