A Bayesian Analysis of Unobserved Heterogeneity for Unemployment Duration Data in the Presence of Interval Censoring

International Econometric Review -Cilt 6, Sayı 1
Sayfalar: 24-41

Yazarlar

Mojtaba Ganjali

Shahid Beheshti University, Iran

T. Baghfalaki

Shahid Beheshti University, Iran

D. Berridge

University of Southampton, UK

Özet

We present a Bayesian approach for modeling unemployment duration when the data are subject to interval censoring and there is unobserved heterogeneity among individuals. The heterogeneity is accounted for by including a frailty term in the hazard function. We use a Weibull baseline hazard function and a gamma frailty distribution. The Bayesian inference is carried out using the Markov chain Monte Carlo (MCMC) method via WinBUGS software. The methodology is illustrated using simulated data and unemployment duration data from a longitudinal survey conducted in Iran.

Anahtar Kelimeler

Unemployment durationinterval censoringfrailtyBayesian inferenceMCMC

JEL Sınıflandırması

C11C24J64

DOI

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Dergi Bilgileri

Dergi Adı
International Econometric Review
Cilt / Sayı
6 / 1
Yayın Tarihi
Aralık 2024