Videnskabeligt Personale – Københavns Universitet

Økonomisk Institut > Ansatte > Videnskabeligt Personale

Heterogeneity and Microeconometrics Modelling

Publikation: Working paperForskning

Dokumenter

  • 2006-03

    Forlagets udgivne version, 414 KB, PDF-dokument

Martin Browning, Jesus Carro

Presented at the 2005 Econometric Society World Congress Plenary Session on "Modelling Heterogeneity". We survey the treatment of heterogeneity in applied microeconometrics analyses. There are three themes. First, there is usually much more heterogeneity than empirical researchers allow for. Second, the inappropriate treatment of heterogeneity can lead to serious error when estimating outcomes of interest. Finally, once we move away from the traditional linear model with a single 'fixed effect', it is very difficult to account for heterogeneity and fit the data and maintain coherence with theory structures. The latter task is one for economists: "heterogeneity is too important to be left to the statisticians". The paper concludes with a report of our own research on dynamic discrete choice models that allow for maximal heterogeneity
OriginalsprogEngelsk
Udgivelses stedCph.
UdgiverDepartment of Economics, University of Copenhagen
Antal sider32
StatusUdgivet - 2006

Bibliografisk note

JEL-classification: C30, C33, C51

Antal downloads er baseret på statistik fra Google Scholar og www.ku.dk


Ingen data tilgængelig

ID: 312988