Working papers

This paper estimates the importance of temptation for consumption smoothing and asset accumulation in a structural life-cycle model.

We propose a new simulation-based estimation method, adversarial estimation, for structural models.

Using a large-scale panel data set, we trace the evolution of incomes and well-being around the entry into ‘solo self-employment’ – that is, running a business without employees.

Youth unemployment in Ghana increases in parental wealth. This occurs because, without unemployment insurance, only workers with sufficiently high parental wealth can afford to remain unemployed, and do so to search for scarce, high-productivity jobs.

We study the effects of counterfactual teacher-to-classroom assignments on average student achievement in elementary and middle schools in the US.

We propose a framework for estimation and inference when the model may be misspecified.

This paper builds on Bonhomme (2012) to develop a method to systematically construct moment conditions for dynamic panel data logit models with fixed effects.

There are many economic environments in which an object is offered sequentially to prospective buyers.

Manufacturers frequently pay fees to supermarkets when they temporarily reduce prices of their products.

In an important class of econometric problems, researchers select a target parameter by maximizing the Euclidean norm of a data-dependent vector.

Uncertainty about the choice of identifying assumptions is common in causal studies, but is often ignored in empirical practice.

Making lumpy human capital investments is difficult, particularly since returns may accrue with a significant time lag.

In 2019, the employment rate among 25- to 64-year-olds in the UK reached 80% – the highest on record, and considerably higher than the 76% rate recorded shortly before the Great Recession.

This paper is concerned with learning decision makers’ preferences using data on observed choices from a finite set of risky alternatives.

In this paper, we estimate the time-varying COVID-19 contact rate of a Susceptible-Infected-Recovered (SIR) model.

We consider both l0-penalized and l0-constrained quantile regression estimators.

We investigate whether growing up in a socialist country affects the development of competitiveness by comparing three Korean groups in South Korea, born and raised in three countries with distinct institutional environments: South Korea, North Korea, and China.

We investigate state-dependent effects of fiscal multipliers and allow for endogenous sample splitting to determine whether the US economy is in a slack state.

We provide a new full-commitment intertemporal collective household model to estimate resource shares, defined as the fraction of household expenditure enjoyed by household members.

We analyse the pattern of work and other labour market states, such as unemployment and out-of-labour-force, over the life course, by making use of a long retrospective panel of older Europeans.