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Author: Zarkin, Gary A.
Resulting in 2 citations.
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Geweke, John Marshall, Robert C. Zarkin, Gary A. |
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Mobility Indices in Continuous Time Markov Chains Econometrica 54,6 (November 1986): 1407-1423. Also: http://www.jstor.org/stable/1914306 Cohort(s): Young Men Publisher: Department of Economics, Northwestern University Keyword(s): Markov chain / Markov model; Mobility; Research Methodology; Statistical Analysis Permission to reprint the abstract has not been received from the publisher. The axiomatic derivation of mobility indices for first-order Markov chain models in discrete time is extended to continuous-time models. Many of the logical inconsistencies among axioms noted in the literature for the discrete time models do not arise for continuous time models. It is shown how mobility indices in continuous time Markov chains may be estimated from observations at two points in time. Specific attention is given to the case in which the states are fractiles, and an empirical example is given. |
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Bibliography Citation
Geweke, John, Robert C. Marshall and Gary A. Zarkin. "Mobility Indices in Continuous Time Markov Chains." Econometrica 54,6 (November 1986): 1407-1423.
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| 2. |
Marshall, Robert C. Zarkin, Gary A. |
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The Effect of Job Tenure on Wage Offers Journal of Labor Economics 5,3 (July 1987): 301-324. Also: http://www.jstor.org/stable/2535023 Cohort(s): Young Men Publisher: University of Chicago Press Keyword(s): Job Tenure; Wage Equations; Wage Rates A wage offer can be either acceptable or unacceptable to a worker, but in cross-sectional and panel data only acceptable wage offers are observed. An OLS wage equation will not reveal how job tenure affects wage offers but rather will reveal how tenure affects acceptable wage offers. By jointly modeling the firm's determination of the wage offer and the worker's decision to accept or reject the offer, the authors are able to estimate the effect of job tenure on wage offers consistently. In contrast to the usual OLS results, it was found that job tenure has no statistically significant effect on wage offers. |
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Bibliography Citation
Marshall, Robert C. and Gary A. Zarkin. "The Effect of Job Tenure on Wage Offers." Journal of Labor Economics 5,3 (July 1987): 301-324.
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