2 papers
econ.EM2026
Dynamic Heterogeneous Distribution Regression Panel Models, with an Application to Labor Income Processes
Ivan Fernandez-Val, Wayne Yuan Gao, Yuan Liao +1
We introduce a dynamic distribution regression panel data model with heterogeneous coefficients across units. The objects of primary interest are functionals of these coefficients,…
math.ST2026
Fixed-order PCA: Theory for Overestimated Factor Models
Yuan Liao, Xin Tong, Wanjie Wang +1
We develop asymptotic theory for principal component analysis (PCA) of a high-dimensional factor model in which the working dimension is fixed and only required to satisfy $R \…