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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.
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