The Limits of Mathematics and NP Estimation in ... - Chichilnisky

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The Impact of Government-SponsoredTraining Programs on the Labor Market Transitions of Disadvantaged MenThe Impact of Government-Sponsored Training Programs on the Labor Market Transitions of Disadvantaged Men 1965No Het Non-Para Log-Normal Weibull Weibull Weibull2 Factors 2 Factors 3 FactorsUnemployment to WelfareBaseline 2 -20.617 † -28.243 † -29.821 † -29.848 † -29.184 † -29.120 †-17.591 † -25.197 † -26.775 † -26.805 † -26.039 † -25.969 †Replacement 22.900 † 31.891 † 31.726 † 31.632 † 31.541 † 31.616 †Minimum Wage -5.551 5.312 † 5.125 † 5.129 † 3.266 3.236Unemp Rate 1.695 † 0.907 ‡ 0.921 ‡ 0.921 ‡ 1.084 † 1.093 †Welfare Ben. 1.620 † 1.289 † 1.313 † 1.314 † 1.403 † 1.401 †Wel. Tr. 3 0.590 † 0.583 †JRP 4 -0.045 -0.046U.I. Tr. 5 2.161 † 2.171 †Unemployment to UnemploymentBaseline 2 -20.463 † -1.743 -7.615 -7.912 -7.524 -7.390-16.030 † 2.695 -3.168 -3.473 -3.016 -2.884Replacement 3.966 -1.913 -1.024 -1.382 -1.547 -1.442Minimum Wage 22.232 † 1.669 1.197 1.309 0.371 0.192Unemp Rate 0.901 † 0.947 ‡ 0.981 ‡ 0.973 ‡ 1.042 ‡ 1.065 ‡Welfare Ben. -1.245 † -1.235 † -1.179 † -1.203 † -1.161 † -1.153 †Wel. Tr. 3 0.315 0.338JRP 4 0.305 0.301U.I. Tr. 5 1.477 † 1.473 †Unemployment to Unemployment TrainingBaseline 1 -2.325 -6.534 -10.807 -10.988 -10.621 -10.482Replacement -15.630 ‡ -4.039 -4.201 -4.171 -5.389 -5.474Minimum Wage 4.588 11.050 † 11.140 † 11.207 † 11.962 † 11.915 †Unemp Rate 1.758 0.329 0.311 0.299 0.202 0.210Welfare Ben. 0.934 0.160 0.192 0.203 0.190 0.203Wel. Tr. 3 -0.398 -0.408U.I. Tr. 5 -0.144 -0.146Unemployment to WorkBaseline 2 -5.570 ‡ 10.517 † 4.550 ‡ 3.985 4.577 ‡ 4.730 ‡-3.400 12.708 † 6.753 † 6.181 † 6.788 † 6.938 †Replacement -3.153 -10.825 † -10.570 † -10.526 † -11.610 † -11.669 †Minimum Wage 8.237 † -3.261 † -3.719 † -3.532 † -3.364 † -3.478 †Unemp Rate -0.801 † -0.266 -0.225 -0.235 -0.277 -0.269Welfare Ben. -0.683 † -0.337 -0.299 -0.326 -0.342 -0.330Wel. Tr. 3 -0.385 † -0.368 †JRP 4 0.150 0.156U.I. Tr. 5 0.774 † 0.784 †Unemployment to OLFBaseline 2 -13.698 † -10.051 † -9.952 † -10.042 † -9.426 † -9.302 †-10.723 † -7.069 † -6.986 † -7.079 † -6.418 † -6.293 †Replacement 7.977 † 6.497 ‡ 6.104 ‡ 6.375 ‡ 5.533 5.353Minimum Wage 8.652 † 2.008 2.358 2.402 2.015 1.984Unemp Rate -0.054 -0.236 -0.295 -0.305 -0.271 -0.252Welfare Ben. -0.284 -0.390 -0.406 -0.396 -0.378 -0.361Wel. Tr. -0.098 -0.127JRP 0.045 0.061U.I. Tr. 1.399 † 1.353 †Table 4. Continued: Parameter Estimates – Exits from Unemployment1 Exponential hazard.2 Exponential hazard – splines.3 Dummy indicator for any previous welfare training.4 Dummy indicator for any previous JRP.5 Dummy indicator for any previous U.I. training.
66 Advances in Econometrics - Theory and Applications20 Will-be-set-by-IN-TECHNo Het Non-Para Log-Normal Weibull Weibull Weibull2 Factors 2 Factors 3 FactorsWork to WelfareBaseline 1 -7.102 † -7.122 † -7.093 † -7.094 † -7.066 † -7.057 †1.825 † 1.829 † 1.823 † 1.823 † 1.815 † 1.812 †Replacement -10.487 † -7.783 † -10.196 † -10.328 † -10.415 † -10.336 †Minimum Wage 0.165 1.045 0.230 0.207 0.172 0.175Unemp Rate 1.022 † 0.939 † 1.002 † 1.008 † 1.083 † 1.087 †Welfare Ben. 1.078 † 0.977 † 1.050 † 1.050 † 1.026 † 1.038 †Wel. Tr. 2 0.698 † 0.692 †JRP 3 -1.167 † -1.166 †U.I. Tr. 4 -0.313 -0.306Work to Welfare TrainingBaseline 1 -29.322 † 7.320 5.564 5.571 2.880 3.6473.352 † -0.012 -0.019 -0.020 -0.004 -0.006Replacement -35.936 † -43.508 † -43.520 † -43.638 † -34.009 † -35.355 †Minimum Wage 25.433 † 26.226 † 26.392 † 26.342 † 18.898 † 18.242 †Unemp Rate -0.107 -0.610 -0.623 -0.614 -0.282 -0.161Welfare Ben. -1.249 † -1.389 ‡ -1.380 ‡ -1.374 ‡ -0.818 -0.629Wel. Tr. 2 1.281 † 1.267 †JRP 3 0.510 † 0.500 †U.I. Tr. 4 -1.067 ‡ -0.996Work to UnemploymentBaseline 1 -6.340 † -6.453 † -6.492 † -6.468 † -6.474 † -6.445 †0.687 † 0.678 † 0.671 † 0.671 † 0.673 † 0.672 †Replacement -2.411 † 7.297 † -0.444 -1.208 † -1.309 † -1.171 †Minimum Wage 3.196 † 5.624 † 3.772 † 3.612 † 3.734 † 3.757 †Unemp Rate -0.805 † -0.959 † -0.934 † -0.896 † -0.898 † -0.910 †Welfare Ben. -0.086 -0.436 † -0.228 -0.251 -0.265 ‡ -0.261 ‡Wel. Tr1 2 0.101 0.111Wel. Tr2 5 -0.216 -0.214U.I. Tr1 3 -0.130 -0.125U.I. Tr2 6 1.524 † 1.484 †Work to WorkBaseline 1 -4.758 † -4.722 † -4.683 † -4.687 † -4.698 † -4.713 †1.187 † 1.155 † 1.136 † 1.143 † 1.147 † 1.162 †Replacement -0.583 9.910 † 1.320 † 0.557 0.094 0.123Minimum Wage -3.339 † -1.263 ‡ -2.959 † -3.021 † -2.452 † -2.467 †Unemp Rate -0.953 † -1.019 † -1.046 † -1.036 † -1.030 † -1.036 †Welfare Ben. 0.013 -0.285 ‡ -0.122 -0.142 -0.180 -0.159Wel. Tr1 2 -0.248 -0.240Wel. Tr2 5 -0.122 -0.123U.I. Tr1 3 0.014 0.027U.I. Tr2 6 -0.667 -0.716Work to OLFBaseline 1 -6.350 ‡ -6.283 † -6.332 † -6.336 † -6.356 † -6.310 †1.650 † 1.626 † 1.641 † 1.642 † 1.645 † 1.628 †Replacement -0.060 -0.267 -0.480 ‡ -0.319 -1.205 † -1.246 †Minimum Wage -3.623 † -3.903 † -3.774 † -3.811 † -2.606 † -2.717 †Unemp Rate -0.974 † -0.916 † -0.911 † -0.908 † -0.915 † -0.877 †Welfare Ben. 0.268 † 0.321 † 0.317 † 0.333 † 0.260 † 0.295 †Wel. Tr1 2 -0.282 † -0.286 †Wel. Tr2 5 -0.572 † -0.586 †U.I. Tr1 3 -0.488 † -0.453 †U.I. Tr2 6 -1.233 -1.237Table 4. (Continued)Parameter Estimates – Exits from Employment1 Log-logistic.2 Dummy indicator for any previous welfare training.3 Dummy indicator for any previous JRP.4 Dummy indicator for any previous U.I. training.5 Dummy indicator for prior state: welfare training.6 Dummy indicator for prior state: U.I. training.
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ADVANCES INECONOMETRICS - THEORYAND
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PrefaceEconometrics is a (sub)disci
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10The Limits of Mathematicsand NP E
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