Economics 742
March 14, 2012
For the remainder of the semester we will discuss structural estimation. Before considering
specic papers will cover techniques today.
Dynamic Programming with Discrete Time and Discrete State. You have seen the
problem formul
Problem Set 3
Econometrics 742
Chris Taber
Due: Wed. Feb. 22
Problem 1. Take any data set you would like (or you can use the wagepan.dta data from
http:/www.stata.com/texts/eacsap/)
You can pick any xed eect regression you would like, but I would like you
Problem Set 1
Econometrics 742
Chris Taber
Due: Wed. Feb. 8
Problem 1. Take any data set you would like and verify the two part regression results (if
you google something like econometric data sets there are a lot to choose from). That
is think about a m
Economics 741
Homework #1
October 5, 2011
Professor Scholz
Please turn in your answers to the following questions in class on Wednesday, October 19. Each
problem is worth 30 points except where noted. You can work together on the problems, but please
turn
Economics 741
Homework #3
November 16, 2011
Professor Scholz
Please turn in your answers to the following questions in class on Wednesday, December 7. Each
problem is worth 40 points, except where noted. You can work together on the problems (except
for #
Economics 741
Homework #2
October 26, 2011
Professor Scholz
Please turn in your answers to the following questions in class on Wednesday, November 9. Each
problem is worth 30 points except where noted. You can work together on the problems, but
please tur
Ziliak and Kniesner (1999) and (2005)
J.R.Walker
March 12, 2012
Last Time
Multiperiod models of Labor Supply
Twostage and MUWC approaches
Euler equation based framework
Recovers intra and inter temporal preferences.
Distinguish between full set of prefere
Economics 742
Spring 2012
Prof. J.R.Walker
Problem Set 2:
Due: 26 Mar 2012
The child care market contains several different types of providers: forprot center based care,
nonprot center based care, family home day care, and informal providers (sometimes f
Economics 742
Spring 2012
J.R.Walker
March 7, 2012
Applied Econometrics (Part II)
Problem Set 1
DUE: March 14, 2012
This problem set investigates the properties of the simple life cycle model of labor supply presented in class. We explore these properties
Econ 742: Lecture 1
J.R. Walker
5 March 2012
Logistics
My web page for the course is: http:/www.ssc.wisc.edu/~walker/teaching/e742/.
I will post papers etc. that I have found useful and not so easy to get.
I will also post software.
I am to cover structur
MultiPeriod Labor Supply Model
J.R. Walker
March 12, 2012
The complete lifecycle model starting at time t is1
Ut = U (Ct , Lt , Xt , Ct+1 , Lt+1 , Xt+1 , . . . , C , L , X )
(1)
Ct , Lt , Xt are withinperiod consumption, leisure, and personal characterist
Problem Set 4
Econometrics 742
Chris Taber
Due: Wed. Feb. 29
Problem 1. Consider a model in which
Yi = 0 + 1 Ti + i + i
Assume that
i is mean 0 and independent of everything else in the model
i is 0 with probability 0.5 and 1 with probability 0.5.
Ther