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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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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10th International Conference on Panel Data, Berlin, July 5-6, 2002
A5-3, International Conferences on Panel Data.
- Horowitz, Joel L. & Lee, Sokbae, 2004. "Semiparametric estimation of a panel data proportional hazards model with fixed effects," Journal of Econometrics, Elsevier, vol. 119(1), pages 155-198, March.
- Joel Horowitz & Sokbae 'Simon' Lee, 2002. "Semiparametric estimation of a panel data proportional hazards model with fixed effects," CeMMAP working papers CWP21/02, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
- Ridder, Geert & Tunali, Insan, 1999.
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Journal of Econometrics,
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