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The Cross-sectional Distribution of Completed Lifetimes: Some New Inferences from Survival Analysis

Maoshan Tian () and Huw Dixon ()
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Maoshan Tian: Cardiff Business School

No E2018/27, Cardiff Economics Working Papers from Cardiff University, Cardiff Business School, Economics Section

Abstract: The cross-sectional distribution of completed lifetimes (DCL) is a new estimator defined and derived by Dixon (2012) in the general Taylor price model (GTE). DCL can be known as the cross-sectional weighted estimator summing to 1. It is a new statistics applying to describe the data. This paper focuses on the cross-sectional distribution in the survival analysis. The delta method is applied to derive the variance of the of three cumulative distribution functions: the distribution of duration, cross-sectional distribution of age, distribution of duration across rms. The Monte Carlo experiment is applied to do the simulation study. The empirical results show that the asymptotic variance formula of the DCL and distribution of duration performs well when the sample size above 25. With the increasing of the sample size, the bias of the variance is reduced.

Keywords: Delta Method; Survival Analysis; Kaplan-Meier Estimator (search for similar items in EconPapers)
JEL-codes: C19 C46 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ecm and nep-ore
Date: 2018-12
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