Using copulas to model switching regimes with an application to child labour

Murray D. Smith

doi:10.1111/j.1475-4932.2005.00246.x

Using copulas to model switching regimes with an application to child labour

Murray D. Smith^*

^*Awdur cyfatebol y gwaith hwn

The University of Sydney

Allbwn ymchwil: Cyfraniad at gyfnodolyn › Erthygl › adolygiad gan gymheiriaid

21 Dyfyniadau (Scopus)

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)	https://doi.org/10.1111/j.1475-4932.2005.00246.x
Statws	Cyhoeddwyd - 15 Awst 2005
Cyhoeddwyd yn allanol	Ie

NDC y CU

Mae’r allbwn hwn yn cyfrannu at y Nod(au) Datblygu Cynaliadwy canlynol

NDC 1 Dim Tlodi
NDC 8 Gwaith Teilwng a Thwf Economaidd

Mynediad at Ddogfen

10.1111/j.1475-4932.2005.00246.x

Cysylltiad parhaol

Dolen barhaus

Ffeiliau eraill a chysylltiadau

Dolen i’r cyhoeddiad yn Scopus

Dyfynnu hyn

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AB - 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.

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Using copulas to model switching regimes with an application to child labour

Crynodeb

NDC y CU

Mynediad at Ddogfen

Cysylltiad parhaol

Ffeiliau eraill a chysylltiadau

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Dyfynnu hyn