کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
7356189 1478222 2015 61 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
SMALL SAMPLE PROPERTIES OF BAYESIAN ESTIMATORS OF LABOR INCOME PROCESSES*
ترجمه فارسی عنوان
خصوصیات نمونه های کوچک نمونه برداری از روش های درآمد شغلی *
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
There exists an extensive literature estimating idiosyncratic labor income processes. While a wide variety of models are estimated, GMM estimators are almost always used. We examine the validity of using likelihood based estimation in this context by comparing the small sample properties of a Bayesian estimator to those of GMM. Our baseline studies estimators of a commonly used simple earnings process. We extend our analysis to more complex environments, allowing for real world phenomena such as time varying and heterogeneous parameters, missing data, unbalanced panels, and non-normal errors. The Bayesian estimators are demonstrated to have favorable bias and efficiency properties.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Applied Economics - Volume 18, Issue 1, May 2015, Pages 121-148
نویسندگان
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