Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/103553 
Year of Publication: 
2014
Series/Report no.: 
ZEW Discussion Papers No. 14-081
Publisher: 
Zentrum für Europäische Wirtschaftsforschung (ZEW), Mannheim
Abstract: 
We compare the performance of maximum likelihood (ML) and simulated method of moments (SMM) estimation for dynamic discrete choice models. We construct and estimate a simplified dynamic structural model of education that captures some basic features of educational choices in the United States in the 1980s and early 1990s. We use estimates from our model to simulate a synthetic dataset and assess the ability of ML and SMM to recover the model parameters on this sample. We investigate the performance of alternative tuning parameters for SMM.
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size
870.39 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.