A Microeconometric Comparison of Household Behavior between Countries

Robert A Miller and Holger Sieg

Journal of Business & Economic Statistics, 1997, vol. 15, issue 2, 237-53

Abstract: This paper reviews the methodological issues associated with estimating and testing competitive markets with panel data and applies it to international economics. The authors investigate differences in housing consumption and male labor supply across households in Germany and the United States. Observations are treated as equilibrium outcomes, generated by a set of competitive markets which accommodate varying degrees of integration. After controlling for differences in the sample populations and aggregate shocks, the authors find that the estimated structural parameters are surprisingly similar across these two countries.

Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:bes:jnlbes:v:15:y:1997:i:2:p:237-53

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