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Full-Text Articles in Social and Behavioral Sciences
Cross-Validated Bandwidths And Significance Testing, Christopher Parmeter, Zhiyuan Zheng, Patrick Mccann
Cross-Validated Bandwidths And Significance Testing, Christopher Parmeter, Zhiyuan Zheng, Patrick Mccann
Christopher F. Parmeter
The link between the magnitude of a bandwidth and the relevance of the corresponding covariate in a regression has recently garnered theoretical attention. Theory suggests that variables included erroneously in a regression will be automatically removed when bandwidths are selected via cross-validation procedure. However, the connections between the bandwidths of the variables that are smoothed away and the insights from these same variables when properly tested for statistical significance have not been previously studied. This paper proposes a variety of simulation exercises to examine the relative performance of both cross-validated bandwidths and individual and joint tests of significance. We focus …
The Effects Of Bargaining On Market Outcomes: Evidence From Buyer And Seller Specific Estimates, Subal Kumbhakar, Christopher Parmeter
The Effects Of Bargaining On Market Outcomes: Evidence From Buyer And Seller Specific Estimates, Subal Kumbhakar, Christopher Parmeter
Christopher F. Parmeter
In this paper we examine wage dispersion in labor markets across currently employed workers. We argue that differences in the potential productivity of a match (typically assumed to be known in the previous literature) generates a surplus between the minimum wage the worker is willing to accept and the maximum wage the firm is willing to offer for the job. Existence of this surplus leads to wage dispersion due to negotiating over the amounts extracted by each agent. Our objective is to estimate the surplus extracted by each firm-worker pair and the effect of the net extracted surplus on the …
Imposing Economic Constraints On Nonparametric Regression: Survey, Implementation And Extensions, Daniel Henderson, Christopher Parmeter
Imposing Economic Constraints On Nonparametric Regression: Survey, Implementation And Extensions, Daniel Henderson, Christopher Parmeter
Christopher F. Parmeter
Economic conditions such as convexity, homogeneity, homotheticity, and monotonicity are all important assumptions or consequences of assumptions of economic functionals to be estimated. Recent research has seen a renewed interest in imposing constraints in nonparametric regression. We survey the available methods in the literature, discuss the challenges that present themselves when empirically implementing these methods, and extend an existing method to handle general nonlinear constraints. A heuristic discussion on the empirical implementation for methods that use sequential quadratic programming is provided for the reader, and simulated and empirical evidence on the distinction between constrained and unconstrained nonparametric regression surfaces is …
Necessary Conditions For Valid Benefit Transfers, Kevin Boyle, Nicolai Kuminoff, Christopher Parmeter, Jaren Pope
Necessary Conditions For Valid Benefit Transfers, Kevin Boyle, Nicolai Kuminoff, Christopher Parmeter, Jaren Pope
Christopher F. Parmeter
No abstract provided.