Fixed effects maximum likelihood estimation of a flexibly parametric proportional hazard model with an application to job exits

Audrey Light () and Yoshiaki Omori

Economics Letters, 2012, vol. 116, issue 2, 236-239

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 effects causes negative schooling and union effects to be downward biased.

Keywords: Proportional hazard model; Fixed effects; Job mobility; Causal schooling effects (search for similar items in EconPapers)
JEL-codes: C41 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (1)

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Related works:
Working Paper: Fixed Effects Maximum Likelihood Estimation of a Flexibly Parametric Proportional Hazard Model with an Application to Job Exits (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:116:y:2012:i:2:p:236-239

DOI: 10.1016/j.econlet.2012.02.030

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