Fixed Effects Maximum Likelihood Estimation of a Flexibly Parametric Proportional Hazard Model with an Application to Job Exits

Audrey Light (light.20@osu.edu) and Yoshiaki Omori

No 12-03, Working Papers from Ohio State University, Department of Economics

Abstract: We extend the fixed effects maximum likelihood estimator to a proportional hazard model with a flexibly parametric baseline hazard. We use the method to estimate a job duration model for young men, and show that failure to account for unobserved fixed effect causes negative schooling and union effects to be downward biased.

Keywords: Proportional hazard model; fixed effects (search for similar items in EconPapers)
JEL-codes: C41 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2012
New Economics Papers: this item is included in nep-ecm
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Citations: View citations in EconPapers (1)

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Journal Article: Fixed effects maximum likelihood estimation of a flexibly parametric proportional hazard model with an application to job exits (2012)
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