Joint estimation of employment and unemployment hazard rates with unobserved heterogeneity using the hshaz2s command

David Troncoso-Ponce
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David Troncoso-Ponce: University of Seville

2021 Stata Conference from Stata Users Group

Abstract: In this talk, I present hshaz2s, a new Stata command that estimates two-states proportional-hazard rates models with unobserved heterogeneity specific to each of the two modeled states. hshaz2s uses the d2 ml method to provide the algebraic expressions of the first- and second-order derivatives of the log-likelihood function to achieve the model convergence faster, which is especially relevant for empirical researchers dealing with large longitudinal microdata sets. Results of fitting a discrete time duration model that jointly estimates the transition rates from employment and unemployment states on a sample of workers in the Spanish labor market are presented to show the main features of hshaz2s.

Date: 2021-08-07
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Persistent link: https://EconPapers.repec.org/RePEc:boc:scon21:31

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