Article ID Journal Published Year Pages File Type
5060562 Economics Letters 2012 4 Pages PDF
Abstract
► We extend the fixed effects MLE to a flexibly parametric proportional hazard model. ► FEML performs well with interval-constant baseline hazard and covariates. ► We estimate a job duration model with data for young men. ► We find that FEML eliminates downward biased estimates for endogenous covariates.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Fixed effects maximum likelihood estimation of a flexibly parametric proportional hazard model with an application to job exits
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