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Title: Conditional Likelihood Models for Heterogeneity in Longitudinal (Panel) Data
Resulting in 1 citation.
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Kiefer, Nicholas M. |
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Conditional Likelihood Models for Heterogeneity in Longitudinal (Panel) Data Report, Employment and Training Administration, U.S. Department of Labor, 1980 Cohort(s): Young Men Publisher: U.S. Department of Labor Keyword(s): Heterogeneity; Research Methodology; Wages The report develops econometric models for heterogeneity in panel data. The conditional likelihood approach, which requires few and unrestrictive assumptions about the distribution of unobservables in the population, is used. The techniques are applied to estimate an intertemporal substitution (of time) elasticity based on the NLS data. The elasticity was found to be somewhat sensitive to the estimation technique. Conditional likelihood estimates are about .05 for white males and .1 for nonwhite males. These can be interpreted as effects of a temporary wage subsidy program, perceived by workers as not strongly affecting lifetime income. |
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Bibliography Citation
Kiefer, Nicholas M. "Conditional Likelihood Models for Heterogeneity in Longitudinal (Panel) Data." Report, Employment and Training Administration, U.S. Department of Labor, 1980. |