PARAMETRIC CONDITIONAL MEAN INFERENCE WITH FUNCTIONAL DATA APPLIED TO LIFETIME INCOME CURVES

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dc.contributor.author Cho, Jin Seo
dc.contributor.author Phillips, Peter CB
dc.contributor.author Seo, Juwon
dc.date.accessioned 2022-01-10T01:21:49Z
dc.date.available 2022-01-10T01:21:49Z
dc.date.issued 2021-10-25
dc.identifier.citation International Economic Review 25 Oct 2021
dc.identifier.issn 0020-6598
dc.identifier.uri https://hdl.handle.net/2292/57903
dc.description.abstract We propose a framework for estimation of the conditional mean function in a parametric model with function space covariates. The approach employs a functional mean squared error objective criterion. Under regularity conditions, consistency and asymptotic normality are established. The analysis extends to situations where the asymptotic properties are influenced by estimation errors arising from the presence of nuisance parameters. Wald, Lagrange multiplier, and quasi-likelihood ratio statistics are studied. An empirical application conducts lifetime income path comparisons across different demographic groups according to years of work experience.
dc.language en
dc.publisher Wiley
dc.relation.ispartofseries International Economic Review
dc.rights Items in ResearchSpace are protected by copyright, with all rights reserved, unless otherwise indicated. Previously published items are made available in accordance with the copyright policy of the publisher.
dc.rights This is the peer reviewed version of the following article: International Economic Review 25 Oct 2021, which has been published in final form at http://doi.org/10.1111/iere.12548 This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions. This article may not be enhanced, enriched or otherwise transformed into a derivative work, without express permission from Wiley or by statutory rights under applicable legislation. Copyright notices must not be removed, obscured or modified. The article must be linked to Wiley’s version of record on Wiley Online Library and any embedding, framing or otherwise making available the article or pages thereof by third parties from platforms, services and websites other than Wiley Online Library must be prohibited.
dc.rights.uri https://researchspace.auckland.ac.nz/docs/uoa-docs/rights.htm
dc.subject Social Sciences
dc.subject Economics
dc.subject Business & Economics
dc.subject LIKELIHOOD RATIO TEST
dc.subject COINTEGRATED LINEAR-PROCESSES
dc.subject NUISANCE PARAMETER
dc.subject MIXTURE-MODELS
dc.subject DIVIDEND BEHAVIOR
dc.subject POWER TRANSFORMS
dc.subject HOMOGENEITY
dc.subject REGRESSION
dc.subject EARNINGS
dc.subject CONVERGENCE
dc.subject 14 Economics
dc.title PARAMETRIC CONDITIONAL MEAN INFERENCE WITH FUNCTIONAL DATA APPLIED TO LIFETIME INCOME CURVES
dc.type Journal Article
dc.identifier.doi 10.1111/iere.12548
dc.date.updated 2021-12-03T01:54:38Z
dc.rights.holder Copyright: Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association en
pubs.author-url http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000710756900001&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=6e41486220adb198d0efde5a3b153e7d
pubs.publication-status Published online
dc.rights.accessrights http://purl.org/eprint/accessRights/RetrictedAccess en
pubs.subtype Article
pubs.subtype Early Access
pubs.subtype Journal
pubs.elements-id 870443
dc.identifier.eissn 1468-2354
pubs.online-publication-date 2021-10-25


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