Individual Heterogeneity and State Dependence
From George Biddell Airy to James Joseph Heckman
Bibliographic Data
| ID | 13034463 |
|---|---|
| Authors | Marc Nerlove (corresponding author) |
| Year | 2014 |
| Volume | 4-3 |
| Pages | 281-320 |
| Publication date | 2014-01-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | OEconomia (JOURNAL) |
| Journal identifiers | ISSN: 2113-5207 • E-ISSN: 2269-8450 |
| Publisher | Association Œconomia (PUBLISHER • FR) |
| DOI | 10.4000/oeconomia.895 |
| OpenAlex | W1043556667 |
| Language | EN |
| References cited | 93 |
In this paper I examine the evolution of an idea: that differences between statistical relationships and the observations on which they are based, or disturbances, may have meaning and structure and that such meaning and structure must be taken into account despite the fact that they arise from unobservables. When working with micro data, principal unobservables arise from individual heterogeneity which may occur in part from path dependence. My disturbing conclusion is that we cannot separate individual unobserved behavior due to past experience from other types of unobserved heterogeneity. This means, in particular, that we cannot obtain economically meaningful estimates of distributed lags or other models of path dependence without making ad hoc assumptions having no economic content
Art · Art history · Econometrics · Economics · Epistemology · George (robot · Mathematical economics · Meaning (existential · Positive economics · Welfare economics · Economic theories and models · Economics of Agriculture and Food Markets · Mathematics · Philosophy · Spatial and Panel Data Analysis
Increasing Returns and Path Dependence in the Economy
Econometric Analysis of Panel Data
Variance Components
Analysis of Panel Data
Econometric duration analysis
XV.—The Correlation between Relatives on the Supposition of Mendelian Inheritance.
The Probability Approach in Econometrics
Estimation of Dynamic Models with Error Components
The Statistical Implications of a System of Simultaneous Equations
Estimating the Returns to Schooling
Formulation and estimation of dynamic models using panel data
Random Simultaneous Equations and the Theory of Production
Analysis of Covariance with Qualitative Data
On the Pooling of Time Series and Cross Section Data
Biases in Dynamic Models with Fixed Effects
I. The Law of Causality
Unobservables with a Variance-Components Structure
Dynamic Aspects of Earning Mobility
Micro Data, Heterogeneity, and the Evaluation of Public Policy
Education, Income, and Ability
Does Unemployment Cause Future Unemployment? Definitions, Questions and Answers from a Continuous Time Model of Heterogeneity and State Dependence
| Highly cited | No |
|---|