دانلود مقاله ISI انگلیسی شماره 102566
ترجمه فارسی عنوان مقاله

برآورد نیروهای کارگر و بازماندگان با استفاده از ناهمگونی، مرز تصادفی دوطرفه

عنوان انگلیسی
Estimating labor force joiners and leavers using a heterogeneity augmented two-tier stochastic frontier
کد مقاله سال انتشار تعداد صفحات مقاله انگلیسی
102566 2017 45 صفحه PDF
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Journal of Econometrics, Volume 199, Issue 2, August 2017, Pages 156-172

پیش نمایش مقاله
پیش نمایش مقاله  برآورد نیروهای کارگر و بازماندگان با استفاده از ناهمگونی، مرز تصادفی دوطرفه

چکیده انگلیسی

In a seminal paper, Basmann (1985) introduced a serial correlation structure based on an intertemporal adjustment mechanism. Basmann’s 1985 paper of course was built on his previous pioneering work on estimation and identifiability in structural equations leading to 2SLS (Basmann, 1957, 1960). In this paper, we follow a similar path. We derive a non-standard unit root serial correlation formulation for intertemporal adjustments in the labor force participation rate. This leads to a tractable three-error component model, which in contrast to other models embeds heterogeneity into the error structure. Unlike in the typical i.i.d. three-error component two-tier stochastic frontier model, our equation’s error components are independent but not identically distributed. This leads to a complex nonlinear likelihood function requiring identification through a two-step estimation procedure, which we estimate using Current Population Survey (CPS) data. By transforming the basic equation linking labor force participation to the working age population, this paper devises a new method which can be used to identify labor market joiners and leavers. The method’s advantage is its parsimonious data requirements, especially alleviating the need for survey based longitudinal data.