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Empirical Applications of Discrete Choice Dynamic Programming Models

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Author Info

  • Michael P. Keane

    (Arizona State University)

  • Kenneth I. Wolpin

    (University of Pennsylvania)

Abstract

The development over the past 25 years of methods for the estimation of discrete choice dynamic programming (DCDP) models opened up new frontiers for empirical research in a host of areas, including labor economics, industrial organization, economic demography, health economics, development economics, political economy and marketing. In this paper, we first describe the development of the DCDP framework, showing how it was a natural extension of static discrete choice modeling. We then summarize six papers that adopt the DCDP paradigm that address substantively important social and economic questions. Finally, we consider the issue of the credibility of empirical findings based on the structural estimation of DCDP models. (Copyright: Elsevier)

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Bibliographic Info

Article provided by Elsevier for the Society for Economic Dynamics in its journal Review of Economic Dynamics.

Volume (Year): 12 (2009)
Issue (Month): 1 (January)
Pages: 1-22

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Handle: RePEc:red:issued:08-8

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Related research

Keywords: Discrete choice dynamic programming models; Policy evaluation; Structural estimation;

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References

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Citations

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Dynamic Discrete Choice (DDC) Model
    by Tomboya in Tomoya's Blog from Nairobi Branch Office on 2009-05-29 11:09:00
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
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Cited by:
  1. Noelia BERNAL & Frederic VERMEULEN, 2013. "The impact of an increase in the legal retirement age on the effective retirement age," Center for Economic Studies - Discussion papers, Katholieke Universiteit Leuven, Centrum voor Economische Studiën ces13.03, Katholieke Universiteit Leuven, Centrum voor Economische Studiën.
  2. Haan, Peter & Prowse, Victoria L., 2010. "The Design of Unemployment Transfers: Evidence from a Dynamic Structural Life-Cycle Model," IZA Discussion Papers 4792, Institute for the Study of Labor (IZA).
  3. Bayer, Christian & Juessen, Falko, 2008. "On the Dynamics of Interstate Migration: Migration Costs and Self-Selection," IZA Discussion Papers 3330, Institute for the Study of Labor (IZA).
  4. Keane, Michael P. & Todd, Petra E. & Wolpin, Kenneth I., 2011. "The Structural Estimation of Behavioral Models: Discrete Choice Dynamic Programming Methods and Applications," Handbook of Labor Economics, Elsevier, Elsevier.
  5. repec:lan:wpaper:4354 is not listed on IDEAS
  6. R Freguglia & G Spricigo & G Johnes & A Aggarwal, 2011. "Education and labour market outcomes: evidence from Brazil," Working Papers, Lancaster University Management School, Economics Department 615809, Lancaster University Management School, Economics Department.
  7. Biørn, Erik & Bjørnsen, Hild-Marte, 2013. "What Motivates Farm Couples to Seek Off-farm Labour? A Logit Analysis of Job Transitions," Memorandum, Oslo University, Department of Economics 09/2013, Oslo University, Department of Economics.
  8. repec:lan:wpaper:4483 is not listed on IDEAS
  9. repec:lan:wpaper:4355 is not listed on IDEAS
  10. Stuart J. Fowler & Jennifer J. Wilgus, 2011. "An Estimatable DCDP Model of Search and Matching in Real Estate Markets," Working Papers, Middle Tennessee State University, Department of Economics and Finance 201105, Middle Tennessee State University, Department of Economics and Finance.
  11. repec:lan:wpaper:4484 is not listed on IDEAS
  12. repec:lan:wpaper:4789 is not listed on IDEAS
  13. A Aggarwal & R Freguglia & G Johnes & G Spricigo, 2011. "Education and labour market outcomes : evidence from India," Working Papers, Lancaster University Management School, Economics Department 615663, Lancaster University Management School, Economics Department.
  14. Petra E. Todd & Kenneth I. Wolpin, 2010. "Structural Estimation and Policy Evaluation in Developing Countries," Annual Review of Economics, Annual Reviews, Annual Reviews, vol. 2(1), pages 21-50, 09.
  15. repec:lan:wpaper:4356 is not listed on IDEAS
  16. Panle Jia Barwick & Parag A. Pathak, 2011. "The Costs of Free Entry: An Empirical Study of Real Estate Agents in Greater Boston," NBER Working Papers 17227, National Bureau of Economic Research, Inc.
  17. repec:lan:wpaper:4788 is not listed on IDEAS

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