A La Recherche des Moments Perdus: Covariance Models for Unbalanced Panels with Endogenous Death
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We develop a model for decomposing the covariance structure of panel data on firms into a part due to permanent heterogeneity, a part due to differential histories with unknown ages, and a part due to the evolution of economic shocks to the firm. Our model allows for the endogenous death of firms
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美国国家经济研究局创建时间：
1995-05-01
