Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/86459
Authors: 
Abbring, Jaap H.
van den Berg, Gerard J.
Year of Publication: 
2006
Series/Report no.: 
Tinbergen Institute Discussion Paper 06-059/3
Abstract: 
In a large class of hazard models with proportional unobserved heterogeneity, the distribution of the heterogeneity among survivors converges to a gamma distribution. This convergence is often rapid. We derive this result as a general result for exponential mixtures and explore its implications for the specification and empirical analysis of univariate and multivariate duration models.
Subjects: 
duration analysis
exponential mixture
gamma distribution
limit distribution
mixed proportional hazard
JEL: 
C41
C14
Document Type: 
Working Paper

Files in This Item:
File
Size
544.83 kB





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