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Memorandum, Department of Economics, University of Oslo >
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http://hdl.handle.net/10419/63031
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| Title: | | A note on the Weibull distribution and time aggregation bias  |
| Authors: | | Røed, Knut Zhang, Tao |
| Issue Date: | | 2000 |
| Series/Report no.: | | Memorandum, Department of Economics, University of Oslo 2000,23 |
| Abstract: | | The application of continuous time Weibull models on discrete unemployment duration data may produce bias in the estimated shape of the hazard rate. The bias can be substantial even for weekly duration data, and it is seriously aggravated if the Weibull model is erroneously mixed with a Gamma distribution for unobserved heterogeneity. |
| Subjects: | | Unemployment duration Weibull model Time aggregation bias |
| JEL: | | C41 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Memorandum, Department of Economics, University of Oslo
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