Fixed Effects Maximum Likelihood Estimation of a Flexibly Parametric Proportional Hazard Model with an Application to Job Exits
AbstractWe extend the fixed effects maximum likelihood estimator to a proportional hazard model with a flexibly parametric baseline hazard. We use the method to estimate a job duration model for young men, and show that failure to account for unobserved fixed effect causes negative schooling and union effects to be downward biased.
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Bibliographic InfoPaper provided by Ohio State University, Department of Economics in its series Working Papers with number 12-03.
Length: 9 pages
Date of creation: 2012
Date of revision:
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Proportional hazard model; fixed effects;
Other versions of this item:
- Light, Audrey & Omori, Yoshiaki, 2012. "Fixed effects maximum likelihood estimation of a flexibly parametric proportional hazard model with an application to job exits," Economics Letters, Elsevier, vol. 116(2), pages 236-239.
- C41 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Duration Analysis; Optimal Timing Strategies
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