Crynodeb
The copula approach to econometric modelling involves the specification of the separate components of the joint distribution of the random variables of interest: models built for each margin are bound together using a copula function. In this paper, the copula approach is used to construct models for switching regimes. The construct is illustrated by fitting a wage earnings model for child workers in the early 1900s, with regimes governed according to literacy. The results improve on earlier modelling efforts by Poirier and Tobias (2003), finding that a child worker may on average expect a reduction in earnings from being literate.
Iaith wreiddiol | Saesneg |
---|---|
Tudalennau (o-i) | S47-S57 |
Cyfnodolyn | Economic Record |
Cyfrol | 81 |
Rhif cyhoeddi | SUPPL. 1 |
Dynodwyr Gwrthrych Digidol (DOIs) | |
Statws | Cyhoeddwyd - 15 Awst 2005 |
Cyhoeddwyd yn allanol | Ie |