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首页> 外文期刊>Journal of applied econometrics >SIMULATION ESTIMATION OF TWO-TIERED DYNAMIC PANEL TOBIT MODELS WITH AN APPLICATION TO THE LABOR SUPPLY OF MARRIED WOMEN
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SIMULATION ESTIMATION OF TWO-TIERED DYNAMIC PANEL TOBIT MODELS WITH AN APPLICATION TO THE LABOR SUPPLY OF MARRIED WOMEN

机译:两层动态面板轨道模型的仿真估计及其在已婚妇女劳动力供给中的应用

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摘要

In this paper a computationally practical simulation estimator is proposed for the two-tiered dynamic panel Tobit model originally developed by Cragg (1971). The log-likelihood function simulated through procedures based on a recursive algorithm formulated by the Geweke-Hajivassiliou-Keane simulator is maximized. The simulation estimators are then applied to study the labor supply of married women. The rich dynamic structure of the labor force participation decision as well as hours worked decisions that are conditional on the participation of married women are identified by using the proposed simulation estimators. The average partial effects of the participation and hours worked decisions for married women in response to fertility decisions and increases in the husband's income are also investigated. It is found that the hypothesis that the fertility decision is exogenous and the hypothesis that the husband's income is exogenous to married women's labor supply function are both rejected in the dynamic and static two-tiered models. Moreover, children aged between 6 and 13 years old may have a negative impact on the hours worked decision for married women that is conditional on their participation. However, these children may provide some positive incentives for married women to participate in the labor force.
机译:在本文中,针对最初由Cragg(1971)开发的两层动态面板Tobit模型,提出了一种计算实用的仿真估计器。通过基于由Geweke-Hajivassiliou-Keane模拟器制定的递归算法的过程模拟的对数似然函数被最大化。然后将模拟估算器应用于已婚妇女的劳动力供给。劳动力参与决策的丰富动态结构以及以已婚妇女参与为条件的工时决策,可以通过使用拟议的模拟估算器来确定。还调查了已婚妇女参与计划和工作时间决定对生育决定和丈夫收入增加的平均部分影响。研究发现,在动态和静态两级模型中,均拒绝了生育决定是外生的假设,而丈夫的收入是已婚妇女的劳动力供给功能外生的假设。此外,年龄在6至13岁之间的儿童可能会对已婚妇女的工作时间决定产生负面影响,但要以她们的参与为条件。但是,这些孩子可能为已婚妇女参加劳动力提供一些积极的激励措施。

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  • 来源
    《Journal of applied econometrics》 |2011年第5期|p.854-871|共18页
  • 作者

    SHENG-KAI CHANG;

  • 作者单位

    Department of Economics, National Taiwan University, 21 Hsu-Chow Road, Taipei 100, Taiwan;

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  • 正文语种 eng
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