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Sequential testing of duration data: the case of the Pennsylvania 'reemployment bonus' experiment Author info | Abstract | Publisher info | Download info | Related research | Statistics Yannis Bilias (Department of Economics, University of Cyprus, PO Box 20537, 1678 Nicosia, Cyprus)
Cost considerations and the need to report the results promptly make it desirable to examine data as it accumulates and to terminate an experimental study as soon as definite statistical conclusions can be drawn. These ideas are illustrated in a retrospective analysis of the Pennsylvania 'Reemployment Bonus' experiment. Recently developed large-sample theory for a variety of sequentially computed score processes of time-to-event (duration) data with staggered entry enables one to construct stopping boundaries of a prescribed level of significance. The gains from the use of sequential methodology appear to be worth while. Copyright © 2000 John Wiley & Sons, Ltd.
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Article provided by John Wiley & Sons, Ltd. in its journal Journal of Applied Econometrics .
Volume (Year): 15 (2000)
Issue (Month): 6 ()
Pages: 575-594
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Handle: RePEc:jae:japmet:v:15:y:2000:i:6:p:575-594Contact details of provider: Web page: http://www.interscience.wiley.com/jpages/0883-7252/
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Cressie, Noel & Morgan, Peter B., 1993.
"The VPRT: A Sequential Testing Procedure Dominating the SPRT ,"
Econometric Theory ,
Cambridge University Press, vol. 9(03), pages 431-450, June.
[Downloadable!]
Bruce D. Meyer, 1995.
"Lessons from the U.S. Unemployment Insurance Experiments ,"
Journal of Economic Literature ,
American Economic Association, vol. 33(1), pages 91-131, March.
[Downloadable!] (restricted)
Green, Jerry & Shoven, John B, 1986.
"The Effects of Interest Rates on Mortgage Prepayments ,"
Journal of Money, Credit and Banking ,
Blackwell Publishing, vol. 18(1), pages 41-59, February.
[Downloadable!] (restricted)
Woodbury, Stephen A & Spiegelman, Robert G, 1987.
"Bonuses to Workers and Employers to Reduce Unemployment: Randomized Trials in Illinois ,"
American Economic Review ,
American Economic Association, vol. 77(4), pages 513-30, September.
[Downloadable!] (restricted)
Meyer, Bruce D, 1996.
"What Have We Learned from the Illinois Reemployment Bonus Experiment? ,"
Journal of Labor Economics ,
University of Chicago Press, vol. 14(1), pages 26-51, January.
[Downloadable!] (restricted)
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