Simplified Estimation of Multivariate Duration Models with Unobserved Heterogeneity

Gordana Colby and Paul Rilstone

Social and Economic Dimensions of an Aging Population Research Papers from McMaster University

Abstract: A simple structure is suggested for modelling unobserved heterogeneity in multivariate duration models which avoids the "curse of dimensionality" and numerical integration of the likelihood function. This structure can be applied to many retirement and aging decisions including: time to retirement between spouses, financial planning, and health related retirement decisions.

Keywords: multivariate duration model; retirement (search for similar items in EconPapers)
JEL-codes: C41 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2000-09
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Simplified estimation of multivariate duration models with unobserved heterogeneity (2007)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mcm:sedapp:31

Access Statistics for this paper

More papers in Social and Economic Dimensions of an Aging Population Research Papers from McMaster University Contact information at EDIRC.
Bibliographic data for series maintained by (spencer@mcmaster.ca).