bias correction 1computational economics 1earnings dynamics 1indirect inference 1latent variable models 1variational inference 1
From the 1 of 2 linked papers with an AI index.
2 papers
econ.GN2026
Indirect Variational Inference: Applications to Earnings Dynamics
Neele Balke, Stephane Bonhomme, Thibaut Lamadon
The paper evaluates variational inference for latent-variable earnings dynamics models and proposes indirect variational inference (IVI) to correct bias from restrictive variationa…
econ.GN2026
A Users' Guide to Uncovering Worker and Firm Effects: The ABC of AKM
Stephane Bonhomme, Elena Manresa, Thibaut Lamadon
The AKM model introduced by Abowd, Kramarz and Margolis (1999) has become a workhorse to study worker and firm heterogeneity, and to understand the sources of wage dispersion in th…