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The Specification and Estimation of Dynamic Stochastic Discrete Choice Models: A Survey

Zvi Eckstein () and Kenneth I. Wolpin

Journal of Human Resources, 1989, vol. 24, issue 4, 562-598

Abstract: Our main goal is to quantify the returns to a career in the United States Congress. We specify a dynamic model of career decisions of a member of Congress and estimate this model using a newly collected dataset. Given estimates of the structural model, we ...

Date: 1989
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