Artikel

A Bayesian Analysis of Unobserved Heterogeneity for Unemployment Duration Data in the Presence of Interval Censoring

In this paper, we discuss Bayesian inference of unobserved heterogeneity for unemployment duration data in the presence of right and interval-censoring, and non-proportionality. We employ accelerated failure time models with three different distributional assumptions: log-logistic, log-normal, and Weibull models, and use members of an exponential family of distributions for considering unobserved heterogeneity. We adopt a Bayesian approach, using Markov Chain Monte Carlo via WinBUGS software, to analyze the data. The proposed approach is illustrated using the unemployment duration data set of Iran in 2009. A sensitivity analysis using different latent variable models of the exponential family is also considered. After checking convergence, using the Gelman-Rubin diagnostic test, we compared different distributional assumptions using the DIC3 criterion. Our findings reveal significant discrepancies in unemployment duration based on different covariates for the sample population of Iran in 2009.

Sprache
Englisch

Erschienen in
Journal: International Econometric Review (IER) ; ISSN: 1308-8815 ; Volume: 6 ; Year: 2014 ; Issue: 1 ; Pages: 24-41 ; Ankara: Econometric Research Association (ERA)

Klassifikation
Wirtschaft
Bayesian Analysis: General
Duration Analysis; Optimal Timing Strategies
Thema
Accelerated Failure Time Model
Bayesian Analysis
Interval Censoring
Kaplan-Meier Method
MCMC

Ereignis
Geistige Schöpfung
(wer)
Ganjali, Mojtaba
Baghfalaki, T.
Berridge, D.
Ereignis
Veröffentlichung
(wer)
Econometric Research Association (ERA)
(wo)
Ankara
(wann)
2014

DOI
doi:10.33818/ier.278029
Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Ganjali, Mojtaba
  • Baghfalaki, T.
  • Berridge, D.
  • Econometric Research Association (ERA)

Entstanden

  • 2014

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