 Marginal Effects for Competing Risks Models with Piecewise Constant Hazards*Oxford Bulletin of Economics and Statistics, 2009, vol. 71, issue 4, 539-565 Abstract: In the competing risks context, the effect of a covariate on the hazard function for a particular cause may be very different from its effect on the likelihood of exiting due to that cause. The latter probability is a function of all cause‐specific hazards, and thereby potentially affected by indirect effects via hazards for competing causes. We consider the effects of covariates on the cumulative probability of exiting from a particular cause. These ‘marginal effects’ are decomposed into direct effects via the hazard of interest and indirect effects via the hazards for competing causes. For the piecewise constant hazard specification we derive simple closed‐form expressions for the marginal effects that can be computed from the standard hazard function estimates. An empirical application illustrates that the marginal effects provide a useful and coherent way of summarizing the results of competing risks analysis. Date: 2009 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bla:obuest:v:71:y:2009:i:4:p:539-565 Ordering information: This journal article can be ordered from Access Statistics for this article Oxford Bulletin of Economics and Statistics is currently edited by Christopher Adam, Anindya Banerjee, Christopher Bowdler, David Hendry, Adriaan Kalwij, John Knight and Jonathan Temple More articles in Oxford Bulletin of Economics and Statistics from Department of Economics, University of Oxford Contact information at EDIRC. |
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