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Fixed Effects Maximum Likelihood Estimation of a Flexibly Parametric Proportional Hazard Model with an Application to Job Exits

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Author Info

  • Audrey Light

    () (Department of Economics, Ohio State University)

  • Yoshiaki Omori

    (Faculty of Economics, Yokohama National University)

Abstract

We 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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File URL: http://www.econ.ohio-state.edu/pdf/alight/wp12-03.pdf
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Bibliographic Info

Paper provided by Ohio State University, Department of Economics in its series Working Papers with number 12-03.

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Length: 9 pages
Date of creation: 2012
Date of revision:
Handle: RePEc:osu:osuewp:12-03

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Postal: 410 Arps Hall 1945 North High Street Columbus, Ohio 43210-1172

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Keywords: Proportional hazard model; fixed effects;

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  1. Meyer, Bruce D, 1990. "Unemployment Insurance and Unemployment Spells," Econometrica, Econometric Society, vol. 58(4), pages 757-82, July.
  2. Joel L. Horowitz & Sokbae Lee, 2002. "Semiparametric Estimation of a Panel Data Proportional Hazards Model with Fixed Effects," 10th International Conference on Panel Data, Berlin, July 5-6, 2002 A5-3, International Conferences on Panel Data.
  3. Ridder, Geert & Tunali, Insan, 1999. "Stratified partial likelihood estimation," Journal of Econometrics, Elsevier, vol. 92(2), pages 193-232, October.
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