Economic Applications of Quantile Regression
Economic Applications of Quantile Regression

Author: Bernd Fitzenberger

Publisher: Springer Science & Business Media

Published: 2013-03-09

Total Pages: 325

ISBN-13: 3662115921

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Quantile regression has emerged as an essential statistical tool of contemporary empirical economics and biostatistics. Complementing classical least squares regression methods which are designed to estimate conditional mean models, quantile regression provides an ensemble of techniques for estimating families of conditional quantile models, thus offering a more complete view of the stochastic relationship among variables. This volume collects 12 outstanding empirical contributions in economics and offers an indispensable introduction to interpretation, implementation, and inference aspects of quantile regression.

Quantile Regression
Quantile Regression

Author: Roger Koenker

Publisher: Cambridge University Press

Published: 2005-05-05

Total Pages: 367

ISBN-13: 1139444719

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Quantile regression is gradually emerging as a unified statistical methodology for estimating models of conditional quantile functions. By complementing the exclusive focus of classical least squares regression on the conditional mean, quantile regression offers a systematic strategy for examining how covariates influence the location, scale and shape of the entire response distribution. This monograph is the first comprehensive treatment of the subject, encompassing models that are linear and nonlinear, parametric and nonparametric. The author has devoted more than 25 years of research to this topic. The methods in the analysis are illustrated with a variety of applications from economics, biology, ecology and finance. The treatment will find its core audiences in econometrics, statistics, and applied mathematics in addition to the disciplines cited above.

Modern Econometric Analysis
Modern Econometric Analysis

Author: Olaf Hübler

Publisher: Springer Science & Business Media

Published: 2007-04-29

Total Pages: 236

ISBN-13: 3540326936

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In this book leading German econometricians in different fields present survey articles of the most important new methods in econometrics. The book gives an overview of the field and it shows progress made in recent years and remaining problems.

German Pension Reform
German Pension Reform

Author: Christina Benita Wilke

Publisher: Peter Lang

Published: 2009

Total Pages: 216

ISBN-13: 9783631588512

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The German pension system was the first formal pension system in the world, designed by Bismarck nearly 120 years ago. It has been very successful in providing high and reliable pension levels at reasonable contribution rates. While the generosity of the German pension system is considered a great social achievement, negative incentive effects of past reforms in the 1970s and 1980s and population aging are threatening the very core of the system. This has led to fundamental pension reforms since 1992. Based on a detailed simulation model of the German pension system, this book provides a thorough assessment of the system and its reforms. It shows that the latest reforms have put the system back onto a stable path and moved it from the old monolithic towards a multi-pillar system.

Statistical Data Analysis Based on the L1-Norm and Related Methods
Statistical Data Analysis Based on the L1-Norm and Related Methods

Author: Yadolah Dodge

Publisher: Birkhäuser

Published: 2012-12-06

Total Pages: 447

ISBN-13: 3034882017

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This volume contains a selection of invited papers, presented to the fourth International Conference on Statistical Data Analysis Based on the L1-Norm and Related Methods, held in Neuchâtel, Switzerland, from August 4–9, 2002. The contributions represent clear evidence to the importance of the development of theory, methods and applications related to the statistical data analysis based on the L1-norm.

Microeconometrics
Microeconometrics

Author: A. Colin Cameron

Publisher: Cambridge University Press

Published: 2005-05-09

Total Pages: 1058

ISBN-13: 1139444867

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This book provides the most comprehensive treatment to date of microeconometrics, the analysis of individual-level data on the economic behavior of individuals or firms using regression methods for cross section and panel data. The book is oriented to the practitioner. A basic understanding of the linear regression model with matrix algebra is assumed. The text can be used for a microeconometrics course, typically a second-year economics PhD course; for data-oriented applied microeconometrics field courses; and as a reference work for graduate students and applied researchers who wish to fill in gaps in their toolkit. Distinguishing features of the book include emphasis on nonlinear models and robust inference, simulation-based estimation, and problems of complex survey data. The book makes frequent use of numerical examples based on generated data to illustrate the key models and methods. More substantially, it systematically integrates into the text empirical illustrations based on seven large and exceptionally rich data sets.

Differences and Changes in Wage Structures
Differences and Changes in Wage Structures

Author: Richard B. Freeman

Publisher: University of Chicago Press

Published: 2007-12-01

Total Pages: 474

ISBN-13: 0226261840

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During the past two decades, wages of skilled workers in the United States rose while those of unskilled workers fell; less-educated young men in particular have suffered unprecedented losses in real earnings. These twelve original essays explore whether this trend is unique to the United States or is part of a general growth in inequality in advanced countries. Focusing on labor market institutions and the supply and demand forces that affect wages, the papers compare patterns of earnings inequality and pay differentials in the United States, Australia, Korea, Japan, Western Europe, and the changing economies of Eastern Europe. Cross-country studies examine issues such as managerial compensation, gender differences in earnings, and the relationship of pay to regional unemployment. From this rich store of data, the contributors attribute changes in relative wages and unemployment among countries both to differences in labor market institutions and training and education systems, and to long-term shifts in supply and demand for skilled workers. These shifts are driven in part by skill-biased technological change and the growing internationalization of advanced industrial economies.

The Estimation of Causal Effects by Difference-in-difference Methods
The Estimation of Causal Effects by Difference-in-difference Methods

Author: Michael Lechner

Publisher: Foundations and Trends(r) in E

Published: 2011

Total Pages: 72

ISBN-13: 9781601984982

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This monograph presents a brief overview of the literature on the difference-in-difference estimation strategy and discusses major issues mainly using a treatment effect perspective that allows more general considerations than the classical regression formulation that still dominates the applied work.