Instrumental Variable Estimation for Duration Data: A Reappraisal of the Illinois Reemployment Bonus Experiment

Govert Bijwaard

Econometrics from University Library of Munich, Germany

Abstract: We propose an Instrumental Variable method for Generalised Accelerated Failure Time (GAFT) models that adjust for possible endogeneity of the intervention of interest, without suffering the problems of the intention-to-treat method. We develop an estimatiom procedure that collapses to the linear Rank Estimation procedure for GAFT models with only exogenous variables This is accomplished by using a model that transforms the duration such that for the population parameters, this transformed duration is independent of the instrument. The estimator is used to re-analyse data from the Illinois reemploymnet Bonus experiment

Keywords: Duration analysis; Instrumental Variables; ALMP evaluation; endogenous variables (search for similar items in EconPapers)
JEL-codes: C14 C24 C41 J64 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2002-04-08
New Economics Papers: this item is included in nep-ecm
Note: Type of Document - Tex/PDF; prepared on IBM PC; pages: 35
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpem:0204001

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