Estimating and testing simultaneous models in labor economics [microform]
- Bib ID:
- 3283194
- Format:
- Book and Microform
- Author:
- Vella, Francis Gerald Mario
- Description:
- 217 p.
- Summary:
-
The first essay surveys the literature on diagnostic testing of models based on unit record data. We argue that while many of these tests are produced in a Lagrange multiplier framework they are often more easily derived and applied if approached from the conditional moment testing view. We also present some new tests based on comparisons of parametric estimators with some non-parametric estimators which are consistent under certain forms of mis-specification. My second essay presents a simple consistent estimator for models with censored endogenous regressors and generalized selectivity bias. The procedure employs generalized residuals to account for the inconsistency caused by the endogeneity. As the approach deals with selectivity bias as well as the endogeneity it unifies two areas of the econometric literature. I also introduce two new tests of endogeneity. My third essay examines the estimation of a simultaneous model of hours and wages.
I argue a relationship exists between weekly hours worked and the hourly wage rate due to increasing marginal tax rates. As the total wage increases, due to increasing hours, employers and employees attempt to avoid taxation by substituting wages with non-taxable fringe benefits. I produce an estimate of the wage that is independent of hours and fringe benefit effects. I employ this wage as the price of labor in the supply functions. I present a simple sequential estimator which produces consistent estimates of both the wage hours market locus and the structural labor supply function. My fourth essay investigates the relationship between human capital investment by females and their attitudes regarding their role in the labor market. Employing Australian survey data I construct an index of discriminatory attitudes to examine if they are randomly distributed across females in the economy or systematically developed.
I also examine if these attitudes are an important determinant of human capital investment. I find females systematically develop discriminatory attitudes and these result in substantial reductions in their human capital investment. Furthermore, the attitudes are weakly exogenous to the education system. (Abstract shortened with permission of author.)
- Notes:
-
- (UnM)AAI9032787
- Source: Dissertation Abstracts International, Volume: 51-08, Section: A, page: 2835.
- Supervisor: Adrian R. Pagan.
- Thesis (Ph.D.)--The University of Rochester, 1990.
- Reproduction:
- Microfiche. Ann Arbor, Mich.: University Microfilms International.
- Subject:
- Economics, Labor
- Other authors/contributors:
- The University of Rochester
- Copyright:
-
In Copyright
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Copyright status was determined using the following information:
- Material type:
- Literary Dramatic Musical
- Published status:
- Unpublished
- Creation date:
- 1990
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