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Semiparametric Bayesian Modeling of Income Volatility Heterogeneity
hierarchical Dirichlet process income volatility state-space models
2016/3/18
Research on income risk typically treats its proxy—income volatility, the expected magnitude of income changes—as if it were unchanged for an individual over time, the same for everyone at a point in ...
On Identification of Bayesian DSGE Models
Bayesian identification DSGE models posterior updating New Keynesian Phillips Curve
2012/10/31
In recent years there has been increasing concern about the identification of parameters in dynamic stochastic general equilibrium (DSGE) models. Given the structure of DSGE models it may be difficult...
Returns to Compulsory Schooling in Britain: Evidence from a Bayesian Fuzzy Regression Discontinuity Analysis
Bayesian inference causal effects imperfect compliance natural experiment principal stratification regression discontinuity returns to schooling
2012/10/31
In this paper we reevaluate the returns to education based on the increase in the compulsory schooling age from 14 to 15 in the UK in 1947. We provide a Bayesian fuzzy regression discontinuity approac...