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Articles 31 - 39 of 39
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.
Modes, Weighted Modes, And Calibrated Modes: Evidence Of Clustering Using Modality Tests, Daniel Henderson, Christopher Parmeter, R. Russell
Modes, Weighted Modes, And Calibrated Modes: Evidence Of Clustering Using Modality Tests, Daniel Henderson, Christopher Parmeter, R. Russell
Christopher F. Parmeter
We apply recent results from the statistics literature to test for multimodality of worldwide distributions of several (unweighted and population-weighted) measures of labor productivity. Specifically, we employ Silverman (Bump) and Dip modality tests, calibrated to correct for their incorrect asymptotic levels. We show that test results are sensitive to the test statistic employed and to population weighting. But regardless of the statistical criterion used, multimodality is present throughout, or emerges during, our sample period (1960–2000). We also examine (a) movements of economies between modal clusters and (b) relationships between certain key development factors and multimodality of the productivity distribution.
Fertility And The Health Of Children: An Application Of A Nonparametric Conditional Late Estimator, Daniel Henderson, Daniel Millimet, Christopher Parmeter, Le Wang
Fertility And The Health Of Children: An Application Of A Nonparametric Conditional Late Estimator, Daniel Henderson, Daniel Millimet, Christopher Parmeter, Le Wang
Christopher F. Parmeter
Although the theoretical trade-off between the quantity and quality of children is well established, empirical evidence supporting such a causal relationship is limited. This chapter applies a recently developed nonparametric estimator of the conditional local average treatment effect to assess the sensitivity of the quantity-quality trade-off to functional form and parametric assumptions. Using data from the Indonesia Family Life Survey and controlling for potential endogeneity of fertility, we find mixed evidence supporting the trade-off.
Heterogeneity In Smoker Preferences For Increased Efficacy Of Cessation Therapies, Robert Paterson, Kevin Boyle, Christopher Parmeter, James Neumann, Paul De Civita
Heterogeneity In Smoker Preferences For Increased Efficacy Of Cessation Therapies, Robert Paterson, Kevin Boyle, Christopher Parmeter, James Neumann, Paul De Civita
Christopher F. Parmeter
Promoting cessation is a cornerstone of tobacco control efforts by public-health agencies. Economic information to support cessation programs has generally emphasized cost-effectiveness or the impact of cigarette pricing and smoking restrictions on quit rates. In contrast, this study provides empirical estimates of smoker preferences for increased efficacy and other attributes of smoking cessation therapies (SCTs). Choice data were collected through a national survey of Canadian smokers. We find systematic preference heterogeneity for therapy types and SCT attributes between light and heavy smokers, as well as random heterogeneity using random parameters logit models. Preference heterogeneity is greatest between length of use …
The Effect Of Measurement Error On The Shape Of The World Distribution Of Income, Christopher Parmeter
The Effect Of Measurement Error On The Shape Of The World Distribution Of Income, Christopher Parmeter
Christopher F. Parmeter
This note examines the robustness that two modes exist in the world's density of per capita income. Our results suggest that this bimodal feature is robust and are arrived at using recently developed nonparametric deconvolution techniques.
Nonparametric Estimation Of A Hedonic Price Function, Christopher Parmeter, Daniel Hnederson
Nonparametric Estimation Of A Hedonic Price Function, Christopher Parmeter, Daniel Hnederson
Christopher F. Parmeter
Rosen’s (1974) theory of hedonic prices is implemented econometrically using recently developed nonparametric techniques to examine the influence of qualitative factors on the price of a house. Our ability to smooth categorical variables leads to greater generalization in the valuation process and provides a canvas for interactions between categorical and continuous variables that is difficult to exploit in parametric and semiparametric models. This is illustrated with a replication of a previously used partially linear model specification.