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A Control Function Approach to Estimating Dynamic Probit Models with Endogenous Regressors, with an Application to the Study of Poverty Persistence in China
dynamic binary response models control function approach migration poverty-persistence rural China
2012/10/22
This paper proposes a parametric approach to estimating a dynamic binary response panel data model that allows for endogenous contemporaneous regressors. Such a model is of particular value for settin...
Happiness and the Persistence of Income Shocks
incomplete markets happiness income persistence
2012/10/23
We reassess the empirical effect of income and employment on self-reported well-being. Our analysis makes use of a novel two-step estimation procedure that allows applying instrumental variable regres...
Intergenerational Persistence in Income and Social Class: The Impact of Within-Group Inequality
intergenerational income mobility social class fluidity income inequality
2012/10/18
Family income is found to be more closely related to sons' earnings for a cohort born in 1970 compared to one born in 1958. This result is in stark contrast to the finding on the basis of social class...
Short-Term Employment Persistence for Welfare Recipients: The "Effects" of Wages, Industry, Occupation, and Firm Size
Short-Term Employment Persistence Welfare Recipients Wages Industry Occupation Firm Size
2009/11/5
Using data from 13 years (1983-95) of the March Current Population Survey, this study examines how the types of jobs held by welfare mothers during the preceding year affects their employment and earn...