Econometric methods for labour economics / Stephen Bazen.

Format:

Book

Author/Creator:

Bazen, Stephen.

Series:

Practical econometrics.

Practical econometrics

Language:

English

Subjects (All):

Labor economics.

Econometrics.

Physical Description:

1 online resource (161 p.)

Edition:

1st ed.

Place of Publication:

Oxford : Oxford University Press, 2011.

Language Note:

English

Summary:

This book provides an accessible presentation of the standard statistical techniques used by labour economists. It emphasises both the input and the output of empirical analysis and covers five major topics concerning econometric methods used in labour economics: regression and related methods, choice modelling, selectivity issues, duration analysis, and policy evaluation techniques. Each of these is presented in terms of model specification, possible estimation problems, diagnosticchecking, and interpretation of the output. It aims to provide guidance to practitioners on how to use the techni

Contents:

Cover; Contents; List of Figures; List of Tables; Data Sources; Introduction; 1. The Use of Linear Regression in Labour Economics; 1.1 The Linear Regression Model-A Review of Some Basic Results; 1.2 Specification Issues in the Linear Model; 1.3 Using the Linear Regression Model in Labour Economics-the Mincer Earnings Equation; 1.4 Concluding Remarks; Appendix: The Mechanics of Ordinary Least Squares Estimation; 2. Further Regression Issues in Labour Economics; 2.1 Decomposing Differences Between Groups-Oaxaca and Beyond; 2.2 Quantile Regression and Earnings Decompositions

2.3 Regression with Panel Data2.4 Estimating Standard Errors; 2.5 Concluding Remarks; 3. Dummy and Ordinal Dependent Variables; 3.1 The Linear Model and Least Squares Estimation; 3.2 Logit and Probit Models-A Common Set-up; 3.3 Interpreting the Output; 3.4 More Than Two Choices; 3.5 Concluding Remarks; 4. Selectivity; 4.1 A First Approach-Truncation Bias and a Pile-up of Zeros; 4.2 Sample Selection Bias-Missing Values; 4.3 Marginal Effects and Oaxaca Decompositions in Selectivity Models; 4.4 The Roy Model-The Role of Comparative Advantage; 4.5 The Normality Assumption; 4.6 Concluding Remarks

Appendix1. The conditional expectation of the error term under truncation; 2. The conditional expectation of the error term with sample selection; 3. Marginal effects in the sample selection model; 4. The conditional expectation of the error terms in two equations with selectivity bias; 5. Duration Models; 5.1 Analysing Completed Durations; 5.2 Econometric Modelling of Spell Lengths; 5.3 Censoring: Complete and Incomplete Durations; 5.4 Modelling Issues with Duration Data; 5.5 Concluding Remarks; Appendix

1. The expected duration of completed spell is equal to the integral of the survival function2. The integrated hazard function; 3. The log likelihood function with discrete (grouped) duration data; 6. Evaluation of Policy Measures; 6.1 The Experimental Approach; 6.2 The Quasi-experimental Approach-A Control Group can be Defined Exogenously; 6.3 Evaluating Policies in a Non-experimental Context: The Role of Selectivity; 6.4 Concluding Remarks; Appendix; 1. Derivation of the average treatment effect as an OLS estimator; 2. Derivation of the Wald estimator; Conclusion; Bibliography; Index; A; B

CD; E; F; G; H; I; K; L; M; N; O; P; Q; R; S; T; U; W

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

1-283-34856-X

9786613348562

0-19-161810-1

OCLC:

763157744