A nonparametric test for path dependence in discrete panel data |
| |
Authors: | Maximilian Kasy |
| |
Institution: | Department of Economics, University of California - Los Angeles, 8283 Bunche Hall, Mail Stop: 147703, Los Angeles, CA 90095, United States |
| |
Abstract: | This paper proposes a test for path dependence in discrete panel data based on a characterization of stochastic processes that are mixtures of Markov chains. This test is applied to European Community Household Panel data on employment histories. The data allow to reject the null of no path dependence in all subsamples considered. |
| |
Keywords: | C12 C14 C23 |
本文献已被 ScienceDirect 等数据库收录! |
|