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Work and Health after Retirement: A Competing Risks Model with Semiparametric Unobserved Heterogeneity

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  • Butler, J S
  • Anderson, Kathryn H
  • Burkhauser, Richard V

Abstract

Competing risks models recognize that there may be more than one exit from a given state, but they make the strong assumption that there is no correlation between unobserved heterogeneity components in each state. Here, a competing risks model that uses a semiparametric method of estimation and controls for the correlation between unobserved heterogeneity components in each state is compared with a traditional competing risks model of exit from retirement. The unobservable heterogeneity components of the competing risks are insignificantly positively correlated and the effects of policy-relevant variables are changed somewhat. Copyright 1989 by MIT Press.

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  • Butler, J S & Anderson, Kathryn H & Burkhauser, Richard V, 1989. "Work and Health after Retirement: A Competing Risks Model with Semiparametric Unobserved Heterogeneity," The Review of Economics and Statistics, MIT Press, vol. 71(1), pages 46-53, February.
  • Handle: RePEc:tpr:restat:v:71:y:1989:i:1:p:46-53
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    Cited by:

    1. van Ommeren, Jos & Rietveld, Piet & Nijkamp, Peter, 2002. "A bivariate duration model for job mobility of two-earner households," European Journal of Operational Research, Elsevier, vol. 137(3), pages 574-587, March.
    2. Cowen, Joshua M. & Butler, J.S. & Fowles, Jacob & Streams, Megan E. & Toma, Eugenia F., 2012. "Teacher retention in Appalachian schools: Evidence from Kentucky," Economics of Education Review, Elsevier, vol. 31(4), pages 431-441.
    3. Sloan, Frank A. & Picone, Gabriel A. & TaylorJr., Donald H. & Chou, Shin-Yi, 2001. "Hospital ownership and cost and quality of care: is there a dime's worth of difference?," Journal of Health Economics, Elsevier, vol. 20(1), pages 1-21, January.
    4. Steven Stern & Petra Todd, 2000. "A Test Of Lazear’S Mandatory Retirement Model," Virginia Economics Online Papers 391, University of Virginia, Department of Economics.
    5. Chou, Shin-Yi, 2002. "Asymmetric information, ownership and quality of care: an empirical analysis of nursing homes," Journal of Health Economics, Elsevier, vol. 21(2), pages 293-311, March.
    6. Van den Berg, Gerard J., 2001. "Duration models: specification, identification and multiple durations," Handbook of Econometrics,in: J.J. Heckman & E.E. Leamer (ed.), Handbook of Econometrics, edition 1, volume 5, chapter 55, pages 3381-3460 Elsevier.
    7. Gordana Colby & Paul Rilstone, 2007. "Simplified estimation of multivariate duration models with unobserved heterogeneity," Computational Statistics, Springer, vol. 22(1), pages 17-29, April.
    8. Gerard J. van den Berg & Ton Steerneman, 1991. "The Correlation of Durations in Multivariate Hazard Rate Models," Discussion Papers 960, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    9. McCall, Brian P, 1997. "The Determinants of Full-Time versus Part-Time Reemployment Following Job Displacement," Journal of Labor Economics, University of Chicago Press, vol. 15(4), pages 714-734, October.
    10. Raul Razo-Garcia, 2011. "The Duration of Intermediate Exchange Rate Regimes and Capital Controls," Carleton Economic Papers 11-01, Carleton University, Department of Economics, revised 17 Oct 2011.
    11. Catherine Cazals, 1994. "La retraite dans les modèles d'offre de travail : un survol de la littérature," Économie et Prévision, Programme National Persée, vol. 115(4), pages 43-62.
    12. Teresa D. Harrison, 2007. "Consolidations and closures: an empirical analysis of exits from the hospital industry," Health Economics, John Wiley & Sons, Ltd., vol. 16(5), pages 457-474.
    13. Gabriel Picone & R. Mark Wilson & Shin-Yi Chou, 2003. "Analysis of hospital length of stay and discharge destination using hazard functions with unmeasured heterogeneity," Health Economics, John Wiley & Sons, Ltd., vol. 12(12), pages 1021-1034.
    14. Richard V. Burkhauser & J. S. Butler & Yang-Woo Kim, 1996. "The timing of disability insurance application: a choice-based semiparametric hazard model," Working Papers 1996-005, Federal Reserve Bank of St. Louis.
    15. van den Berg, Gerard J., 1997. "Association measures for durations in bivariate hazard rate models," Journal of Econometrics, Elsevier, vol. 79(2), pages 221-245, August.

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