Analysing incomplete individual employment histories using indirect inference
Jean-Marc Robin
- Fonction : Auteur
- PersonId : 962566
- IdHAL : jean-marc-robin
- ORCID : 0000-0002-3574-9359
- IdRef : 034123199
Michael Visser
- Fonction : Auteur
- PersonId : 1211988
- IdHAL : michael-visser
- ORCID : 0000-0003-2959-7456
Résumé
In this paper we apply the Indirect Inference method to estimate the parameters of a semi-Markov transition model when the data are subject to a complex form of censoring. There is no explicit expression for the likelihood function, and therefore Maximum Likelihood estimation is computationally burdensome. The econometric methodology of Indirect Inference is first tested on simulated data under various assumptions about the distribution of spell durations and transitions. Then, it is applied to labour market transitions between self-employment, wage-work, and unemployment using the 1986-1988 French labour force survey. Although the analysis is basically a reduced-form analysis, we motivate our transition model in terms of a structural search model.
Domaines
Economies et financesFormat du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
Analysing incomplete individual employment histories using indirect inference
|
Résumé |
en
In this paper we apply the Indirect Inference method to estimate the parameters of a semi-Markov transition model when the data are subject to a complex form of censoring. There is no explicit expression for the likelihood function, and therefore Maximum Likelihood estimation is computationally burdensome. The econometric methodology of Indirect Inference is first tested on simulated data under various assumptions about the distribution of spell durations and transitions. Then, it is applied to labour market transitions between self-employment, wage-work, and unemployment using the 1986-1988 French labour force survey. Although the analysis is basically a reduced-form analysis, we motivate our transition model in terms of a structural search model.
|
Auteur(s) |
Thierry Magnac
1
, Jean-Marc Robin
, Michael Visser
2
1
GREMAQ -
Groupe de recherche en économie mathématique et quantitative
( 744 )
- manufacture des tabacs - bat. F 21 Allée de Brienne 31000 TOULOUSE
- France
2
CREST -
Centre de Recherche en Économie et Statistique
( 2579 )
- 5, Avenue Henry Le Chatelier, 91120 Palaiseau
- France
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Langue du document |
Anglais
|
Nom de la revue |
|
Vulgarisation |
Non
|
Comité de lecture |
Non
|
Audience |
Non spécifiée
|
Date de publication |
1995
|
Volume |
10
|
Numéro |
Issue Supplement S1
|
Page/Identifiant |
S153 - S169
|
Domaine(s) |
|
Référence interne |
|
Spire (Sciences Po) | 2441/f0uohitsgqh8dhk9816a585s8 |
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