IDEAS home Printed from https://ideas.repec.org/a/aic/journl/y2010v57p439-450.html
   My bibliography  Save this article

Using Survival Analysis In Economics

Author

Listed:
  • Daniela-Emanuela Danacica

    (Faculty of Economics and Business Administration, Constantin Brancusi University of Tirgu-Jiu)

  • Ana-Gabriela Babucea

    (Faculty of Economics and Business Administration, Constantin Brancusi University of Tirgu-Jiu)

Abstract

The main objective of this paper is to examine methodological and applicative problems of sur-vival analysis in the analysis of socio-economic phenomena. Although at the beginning the survival analysis was used to study death as an event specific to medical studies, as from the '70s these statistical techniques have been increasingly used in economics and social sciences. Besides the fact that survival data are not normally distributed, they often contain incomplete information, censored subjects. Censoring of subjects may be on the right or left. It is vital to include censored subjects in the statistical analysis. But, according to Greene (2003), a very large number of censored subjects may affect the accuracy of statistical tests. We presented in this paper methodological aspects of Kaplan-Meier analysis, and statistical significance testing for the resulted survival curves. We have also concentrated on the Cox regression, and we have set out the concept of hazard, baseline hazard, hazard rate, hazard rate interpretation. An application of the survival analy-sis in unemployment is presented.

Suggested Citation

  • Daniela-Emanuela Danacica & Ana-Gabriela Babucea, 2010. "Using Survival Analysis In Economics," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 57, pages 439-450, november.
    • Handle: RePEc:aic:journl:y:2010:v:57:p:439-450
    as

    Download full text from publisher

    File URL: http://anale.feaa.uaic.ro/anale/resurse/sta_danacica_babucea.pdf
    Download Restriction: no
    File URL: http://anale.feaa.uaic.ro/anale/ro/Arhiva%202010n-Danacica_Babucea/381
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Kettunen, Juha, 1997. "Education and unemployment duration," Economics of Education Review, Elsevier, vol. 16(2), pages 163-170, April.
    2. Moffitt, Robert A., 1999. "New developments in econometric methods for labor market analysis," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 24, pages 1367-1397, Elsevier.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mojdeh , Zahra & Tehranchian , Amir Mansour & Jafari Samimi , Ahmad & Rasekhi , Saeed, 2020. "Analyzing the Impact of Leverage Rate on Export Survival: The Case of Iranian Firms," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 15(1), pages 25-34, January.
    2. Darabă Gabriel & Sandu Christiana Brigitte & Jaba Elisabeta, 2017. "Estimation of Unemployment Duration in Botoşani County Using Survival Analysis," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 155-161, June.
    3. Pişkin, Erhan, 2017. "Türkiye İhracatının Ölüm-Kalım Meselesi [The Matter of Survival for Turkish Exports]," MPRA Paper 81459, University Library of Munich, Germany.
    4. Mourao, Paulo Reis, 2018. "Surviving in the shadows—An economic and empirical discussion about the survival of the non-winning F1 drivers," Economic Analysis and Policy, Elsevier, vol. 59(C), pages 54-68.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Darja Boršič & Alenka Kavkler, 2009. "Modeling Unemployment Duration in Slovenia using Cox Regression Models," Transition Studies Review, Springer;Central Eastern European University Network (CEEUN), vol. 16(1), pages 145-156, May.
    2. Zhang, Xuelin, 2007. "Gender Differences in Quits and Absenteeism in Canada," Analytical Studies Branch Research Paper Series 2007296e, Statistics Canada, Analytical Studies Branch.
    3. Joshua D. Angrist, 2004. "Treatment effect heterogeneity in theory and practice," Economic Journal, Royal Economic Society, vol. 114(494), pages 52-83, March.
    4. Alois Stutzer & Lorenz Goette & Michael Zehnder, 2011. "Active Decisions and Prosocial Behaviour: a Field Experiment on Blood Donation," Economic Journal, Royal Economic Society, vol. 121(556), pages 476-493, November.
    5. Michael Haan, 2008. "The Place of Place: Location and Immigrant Economic Well-being in Canada," Population Research and Policy Review, Springer;Southern Demographic Association (SDA), vol. 27(6), pages 751-771, December.
    6. Abid Hussain & Gopal Bahadur Thapa, 2016. "Fungibility of Smallholder Agricultural Credit: Empirical Evidence from Pakistan," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 28(5), pages 826-846, November.
    7. Garcia-Aracil, Adela & Winter, Carolyn, 2006. "Gender and ethnicity differentials in school attainment and labor market earnings in Ecuador," World Development, Elsevier, vol. 34(2), pages 289-307, February.
    8. Martin Brown & Christian Zehnder, 2007. "Credit Reporting, Relationship Banking, and Loan Repayment," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(8), pages 1883-1918, December.
    9. Grieder, Manuel & Baerenbold, Rebekka & Schmitz, Jan & Schubert, Renate, 2022. "The Behavioral Effects of Carbon Taxes – Experimental Evidence," VfS Annual Conference 2022 (Basel): Big Data in Economics 264112, Verein für Socialpolitik / German Economic Association.
    10. Casey B. Mulligan & Yona Rubinstein, 2004. "The Closing of the Gender Gap as a Roy Model Illusion," NBER Working Papers 10892, National Bureau of Economic Research, Inc.
    11. Hoje Jo & Maretno Harjoto, 2011. "Corporate Governance and Firm Value: The Impact of Corporate Social Responsibility," Journal of Business Ethics, Springer, vol. 103(3), pages 351-383, October.
    12. Haan, Michael, 2005. "The Decline of the Immigrant Homeownership Advantage: Life-cycle, Declining Fortunes and Changing Housing Careers in Montreal, Toronto and Vancouver, 1981-2001," Analytical Studies Branch Research Paper Series 2005238e, Statistics Canada, Analytical Studies Branch.
    13. Zhao, John & Lipps, Garth & Corak, Miles, 2003. "Family Income and Participation in Post-secondary Education," Analytical Studies Branch Research Paper Series 2003210e, Statistics Canada, Analytical Studies Branch.
    14. Savelyev, Peter A. & Ward, Benjamin C. & Krueger, Robert F. & McGue, Matt, 2022. "Health endowments, schooling allocation in the family, and longevity: Evidence from US twins," Journal of Health Economics, Elsevier, vol. 81(C).
    15. Powdthavee, Nattavudh & Lekfuangfu, Warn N. & Wooden, Mark, 2015. "What's the good of education on our overall quality of life? A simultaneous equation model of education and life satisfaction for Australia," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 54(C), pages 10-21.
    16. Fabra, M. Eugenia & Camisón, Cesar, 2009. "Direct and indirect effects of education on job satisfaction: A structural equation model for the Spanish case," Economics of Education Review, Elsevier, vol. 28(5), pages 600-610, October.
    17. Tairi Room, 2004. "Search Intensity and Wage Differences," Bank of Estonia Working Papers 2004-1, Bank of Estonia, revised 12 Oct 2004.
    18. Bruhin, Adrian & Goette, Lorenz & Haenni, Simon & Jiang, Lingqing, 2020. "Spillovers of prosocial motivation: Evidence from an intervention study on blood donors," Journal of Health Economics, Elsevier, vol. 70(C).
    19. Geir Godager & Tor Iversen & Ching-To Ma, 2009. "Service motives and profit incentives among physicians," International Journal of Health Economics and Management, Springer, vol. 9(1), pages 39-57, March.
    20. Riccardo Fiorito & Giulio Zanella, "undated". "Labor Supply Elasticities: Can Micro be Misleading for Macro?," Working Papers 4, Department of the Treasury, Ministry of the Economy and of Finance.

    More about this item

    Keywords

    survival analysis; Kaplan-Meier method; censored subjects;
    All these keywords.

    JEL classification:

    • C41 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Duration Analysis; Optimal Timing Strategies
    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aic:journl:y:2010:v:57:p:439-450. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sireteanu Napoleon-Alexandru (email available below). General contact details of provider: https://edirc.repec.org/data/feaicro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.