作者：Hajivassiliou, VA; McFadden, DL
作者单位：University of London; London School Economics & Political Science; University of California System; University of California Berkeley
摘要：The method of simulated scores (MSS) is presented for estimating limited dependent variables models (LDV) with flexible correlation structure in the unobservables. We propose simulators that are continuous in the unknown parameter vectors, and hence standard optimization methods can be used to compute the MSS estimators that employ these simulators. The first continuous method relies on a recursive conditioning of the multivariate normal density through a Cholesky triangularization of its vari...
作者：Blundell, R; Duncan, A; Meghir, C
作者单位：University of London; University College London; London School Economics & Political Science; University of London; University College London; University of York - UK; University of York - UK
摘要：The 1980's tax reforms and the changing dispersion of wages offer one of the best opportunities yet to estimate labor supply effects. Nevertheless, changing sample composition, aggregate shocks, the changing composition of the tax paying population, and discontinuities in the tax system create serious identification and estimation problems. We develop grouping estimators that address these issues. Our results reveal positive and moderately sized wage elasticities. We: also find negative income...
