G31.2101-01 Econometrics II: Microeconometrics — Model-Based Estimation

Instructor: Christopher Flinn

E-Mail: christopher.flinn@nyu.edu
Homepage: http://www.econ.nyu.edu/user/flinnc/
Class Hours: Tu/Th, 12:30-2:00 PM
Office Hours: Th, 4:00-5:30 PM
Office: 19 W 4th Street, Room 809

T.A.: Breno Neri

E-Mail: breno.neri@nyu.edu
Homepage: http://homepages.nyu.edu/~bpn207/
Skype: brenopinheironeri
Lab Hours: W, 3:30-5:30 PM
Lab Room: 19 W 4th Street, Room 736
Office Hours: Th, 2:30-4:30 PM
Office: 19 W 4th Street, Room 804

Syllabus

Reading Material

1. Model-Based Estimation

Marschak, J. (1953) "Economics Measurements for Policy and Prediction," in Studies in Econometric Method (Hood and Koopmans, eds.), New York: Wiley, 1953.

Flinn, Lecture 1 in Model-Based Estimation.

2. Point-Process Models (Nonlinear Estimation, Mixtures)

Miller, R. (1981) Survival Analysis, New York: Wiley. Chapters 1,2.

van der Klaauw and Flinn, Notes on Duration Analysis.

3. Search Models (I) (Identification Analysis, Superefficient Estimators)

Flinn, C. and J. Heckman (1982) "New Methods for Analyzing Structural Models of Labor Force Dynamics," Journal of Econometrics 18, pp. 115-168.

Flinn, Lecture 2 in Model-Based Estimation.

4. Search Models (II) (Measurement Error, Limited Dependent Variables, Policy Evaluation)

Wolpin, K. (1987) "Estimating a Structural Search Model: The Transition from School to Work," Econometrica 55, pp. 801-818.

Flinn, C. (2006) "Minimum Wage Effects on Labor Market Outcomes under Search, Matching, and Endogenous Contact Rates," Econometrica 74, pp. 1013-1062.

5. Search Models (III) (Methods of Simulated Moments, Bootstrapping)

Dey, M. and C. Flinn (2006) "Household Search and Health Insurance Coverage," Journal of Econometrics (forthcoming).

6. Individual (Household) Choice (Limited Dependent Variables, Maximum Likelihood)

Heckman, J. (1974) “Shadow Prices, Market Wages, and Labor Supply,” Econometrica 42, pp. 679-694.

Flinn, Notes on Estimating a Model-Based Tobit Type Model.

7. "Standard" Consumer Demand Theory (Linear System Estimation, Hypothesis Testing)

Deaton, A. and J. Muellbauer (1980) Economics and Consumer Behavior, Cambridge: Cambridge University Press. Chapter 4.

Phlips, L. (1983) Applied Consumption Analysis, Amsterdam: North Holland. Chapter 4.

8. Multiagent Choice in a Strategic Setting (Limited Dependent Variable, Multistage Estimation, Policy Evaluation)

Del Boca, D. and C. Flinn (1995) "Rationalizing Child Support Decisions," American Economic Review 85, pp. 1241-1262.

9. Multiagent Choice in The Household (Identification, Nonparametric Estimation, Method of Simulated Moments)

Del Boca, D. and C. Flinn (2009) "Endogenous Household Interaction." Mimeo, NYU.

10. Demand Analysis with Nonconvex Choice Sets (Mixed Continuous/Discrete Choice)

Burtless, G. and J. Hausman (1978) "The Effect of Taxation on Labor Supply: Evaluating the Gary Negative Income Tax Experiment," Journal of Political Economy 86, pp. 1103-1130.

11. Dynamic Single-Agent Models (Expectations Data, Dynamic Programming, Model Testing)

van der Klaauw, W. "On The Use of Expectations Data in Estimating Dynamic Behavioral Models." Forthcoming, Economic Inquiry.

Jorowitz, J. L. (2001) "The Bootstrap," in Handbook of Econometrics. Elsevier Science, pp. 3159-3228.

12. Contractual Models (Structural Estimation in a Linear Regression Framework, Fixed Effects)

Paarsch, H. and B. Shearer (1999) "The Response of Worker Effort to Price Rates: Evidence from The British Columbia Tree-Planting Industry," Journal of Human Resources 34, pp. 643-667.

Assignments

Exam

Midterm Answer Key

Last Update: 03/29/2009