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

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.