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dc.contributor.authorGayle, G. - L.
dc.contributor.authorGolan, L.
dc.contributor.authorSoytaş, Mehmet Ali
dc.date.accessioned2019-02-05T06:48:35Z
dc.date.available2019-02-05T06:48:35Z
dc.date.issued2018-11
dc.identifier.issn1759-7323
dc.identifier.urihttp://hdl.handle.net/10679/6137
dc.identifier.urihttps://onlinelibrary.wiley.com/doi/10.3982/QE771
dc.description.abstractThis paper explores the estimation of a class of life‐cycle discrete choice dynastic models. It provides a new representation of the value function for these class of models. It compare a multistage conditional choice probability (CCP) estimator based on the new value function representation with a modified version of the full solution maximum likelihood estimator (MLE) in a Monte Carlo study. The modified CCP estimator performs comparably to the MLE in a finite sample but greatly reduces the computational cost. Using the proposed estimator, we estimate a dynastic model and use the estimated model to conduct counterfactual simulations to investigate the role Nature versus Nurture in intergenerational mobility. We find that Nature accounts for 20 percent of the observed intergenerational immobility at the bottom of income distribution. That means that 80 percent of mobility at the bottom of the income distribution is explained by economic decision and economic/institutional constraints.en_US
dc.language.isoengen_US
dc.publisherWileyen_US
dc.relation.ispartofQuantitative Economicsen_US
dc.rightsopenAccess
dc.titleEstimation of dynastic lifecycle discrete choice modelsen_US
dc.typeArticleen_US
dc.description.versionPublisher versionen_US
dc.peerreviewedyesen_US
dc.publicationstatusPublisheden_US
dc.contributor.departmentÖzyeğin University
dc.contributor.authorID(ORCID 0000-0001-5839-6069 & YÖK ID 231352) Soytaş, Mehmet
dc.contributor.ozuauthorSoytaş, Mehmet Ali
dc.identifier.volume9en_US
dc.identifier.issue3en_US
dc.identifier.startpage1195en_US
dc.identifier.endpage1241en_US
dc.identifier.wosWOS:000451420700004
dc.identifier.doi10.3982/QE771
dc.subject.keywordsDiscrete choice modelsen_US
dc.subject.keywordsDynastic modelsen_US
dc.subject.keywordsIntergenerational mobilityen_US
dc.subject.keywordsNature versus nurtureen_US
dc.identifier.scopusSCOPUS:2-s2.0-85057491724
dc.contributor.authorMale1
dc.relation.publicationcategoryArticle - International Refereed Journal - Institution Academic Staff


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