Autore:
Pacifico, Daniele Titolo:
On the role of unobserved preference heterogeneity in discrete choice models of labour supplyPeriodico:
Ministero dell'Economia e delle Finanze. Dipartimento del Tesoro. Working paperAnno:
2014 - Fascicolo:
6 - Pagina iniziale:
1 - Pagina finale:
29The aim of this paper is to analyse the impact of unobserved preference
heterogeneity in empirical applications of discrete choice models of labour supply.
Typically, unobserved heterogeneity is estimated either with continuous or discrete
mixture models. However, in order to avoid estimation difficulties, most of the empirical analysis assumes a relatively constrained mixture, standard examples being models where only few coefficients are allowed to vary with independent normal distributions or with discrete distributions with few mass points. We compare labour supply elasticities obtained with these typical specifications of unobserved heterogeneity with those from a more general model that we are able to estimate through an EM algorithm for the nonparametric estimation of mixed models. Results show that labour supply elasticities change significantly with respect to a basic model without unobserved heterogeneity only when the joint distribution of the varying tastes is left completely unspecified.
SICI: 1972-411X(2014)6<1:OTROUP>2.0.ZU;2-V
Testo completo:
http://www.dt.tesoro.it/export/sites/sitodt/modules/documenti_it/analisi_progammazione/working_papers/WP_N._6_2014.pdfEsportazione dati in Refworks (solo per utenti abilitati)
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