Showing papers by "Manuel Arellano published in 1997"

Autoregressive Models with Sample Selectivity for Panel Data

Abstract: The purpose of this paper is to formulate procedures for the analysis of the time series behaviour of micro panel data subject to censoring. We assume an autoregressive model with random effects for a latent variable which is only partly observed due to a selection mechanism. Our methods are based on the observation that the subsamples which only include individuals without censored past observations are exogenously selected for the purpose conditional on its past. We apply these methods to analyze the dynamics of female labour supply and wages using PSID data.

Unemployment Duration, Benefit Duration, and the Business Cycle.Versión Revisada

Abstract: In this paper we study the effects of unemployment benefit duration and the business cycle on unemployement duration. We construct durations for individuals entering unemployment from a longitudinal sample of Spanish men in 1987-1994. Estimated discrete hazard models indicates that receipt of unemployment benefits significantly reduces the hazard of leaving unemployment. For instance, at durations of 3 months, the hazard for workers without benefits is twice as large as that for workers with benefits. Favorable business conditions increase the hazard of leaving unemployment. At sample-period magnitudes, this effect is significantly smaller than that of benefit receipt.