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Do firm effects drift?
Other Titles
Evidence from Washington Administrative Data
Abstract
Firm effects in the AKM model are typically assumed to be constant over time. But what if they aren't constant? We look at a Time-Varying AKM model to show that firm effects are highly persistent and that variance components vary with the business cycle.
Sponsorship
The conference was made possible with generous support of the Alfred P. Sloan Foundation, the Office of the Dean, ILR School, Cornell University,
the Pierce Memorial Fund, ILR School, Cornell University, the Class of 1950 Professor of Economics Chair, University of California at Berkeley, and the Labor Dynamics Institute, ILR School, Cornell University
Date Issued
2019-10-13Publisher
Presented at the Models of Linked Employer-Employee Data Conference 2019
Subject
firm effects; time-varying high-dimensional effects; AKM model; variance components
Rights
Attribution-NonCommercial-ShareAlike 4.0 International
Type
presentation
Accessibility Hazard
none
The following license files are associated with this item:
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-ShareAlike 4.0 International