We introduce a duration model that allows for unobserved cumulative individual-specific shocks, which are likely to be important in explaining variations in duration outcomes, such as length of life and time spent unemployed. The model is also a useful tool in situations where researchers observe a great deal of information about individuals when first interviewed in surveys but little thereafter. ...
In:
Journal of Business & Economic Statistics
29 (2011), 2, 271-281
| Paul Frijters, John P. Haisken-DeNew, Michael A. Shields