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Source: Department of Economics, Texas A&M University
Resulting in 2 citations.
| 1. |
Gan, Li Wang, Yingning |
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Residential Mobility, Neighborhood Effects, and Educational Attainment of Blacks and Whites Working Paper, Department of Economics, Texas A&M University, December 2010. Cohort(s): NLSY79 Publisher: Department of Economics, Texas A&M University Keyword(s): Educational Attainment; Geocoded Data; Mobility, Residential; Neighborhood Effects; Racial Differences Permission to reprint the abstract has not been received from the publisher. This paper proposes a new model to identify if and how much the educational attainment gap between blacks and whites is due to the difference in their neighborhoods. In this model, individuals belong to two unobserved types: the endogenous type who may move in response to the neighborhood effect on their education; or the exogenous type who may move for reasons unrelated to education. The Heckman sample selection model becomes a special case of the current model in which the probability of one type of individuals is zero. Although we cannot find any significant neighborhood effect in the usual Heckman sample selection model, we do find heterogeneous effects in our two-type model. In particular, there is a substantial neighborhood effect for the movers who belong to the endogenous type. No significant effects exist for other groups. We also find that the endogenous type has more education and moves more often than the exogenous type. On average, we find that the neighborhood variable, the percentage of high school graduates in the neighborhood, accounts for about 28.96% of the education gap between blacks and whites. |
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Bibliography Citation
Gan, Li and Yingning Wang. "Residential Mobility, Neighborhood Effects, and Educational Attainment of Blacks and Whites." Working Paper, Department of Economics, Texas A&M University, December 2010. |
| 2. |
Reed, W. Robert |
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Estimation of Hedonic Prices in the Case of a Pure Search Good Working Paper No. 87-01, Department of Economics, Texas A&M University, College Station, 1987 Cohort(s): NLSY79 Publisher: Department of Economics, Texas A&M University Keyword(s): Job Satisfaction; Job Search; Quits; Simultaneity; Wages; Working Conditions Permission to reprint the abstract has not been received from the publisher. This paper investigates the estimation of marginal willingness to pay in the case of a pure search good. A model of search behavior is developed where consumers search over goods consisting of bundled attributes while simultaneously engaging in consumption. It is demonstrated that marginal willingness to pay can be derived from hazard equations. An empirical analysis is undertaken in order to compare the performance of this model with traditional models of estimating hedonic prices. Labor market data are obtained from the 1979-1982 NLSY. The hazard model is found to be distinctly superior. The approach here is easily generalized to other markets such as the housing and land markets. |
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Bibliography Citation
Reed, W. Robert. "Estimation of Hedonic Prices in the Case of a Pure Search Good." Working Paper No. 87-01, Department of Economics, Texas A&M University, College Station, 1987. |