Jackson Bunting, Paul Diegert, Arnaud Maurel
arXiv 13 Feb 2024 · Econometrics · 2 citations (OpenAlex)
arXiv:2402.08575 · PDF · DOI · OpenAlex · Extracted main text
We provide identification results for a broad class of learning models in which continuous outcomes depend on three types of unobservables: known heterogeneity, initially unknown heterogeneity that may be revealed over time, and transitory uncertainty. We consider a common environment where the researcher only has access to a short panel on choices and realized outcomes. We establish identification of the outcome equation parameters and the distribution of the unobservables, under the standard assumption that unknown heterogeneity and uncertainty are normally distributed. We also show that, absent known heterogeneity, the model is identified without making any distributional assumption. We then derive the asymptotic properties of a sieve MLE estimator for the model parameters, and devise a tractable profile likelihood-based estimation procedure. Our estimator exhibits good finite-sample properties. Finally, we illustrate our approach with an application to ability learning in the context of occupational choice. Our results point to substantial ability learning based on realized wages.
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The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.
| Reference | Intensity | Mentions | Sections | Main text | |
|---|---|---|---|---|---|
| 1 | Arcidiacono, P., E. Aucejo, A. Maurel, and T. Ransom (2025) College attrition and the dynamics of information revelation | 1.000 | 7 | 3 | 100% |
| 2 | Cunha, F., J. J. Heckman, and S. Navarro (2005) Separating uncertainty from heterogeneity in life cycle earnings | 0.928 | 4 | 4 | 100% |
| 3 | Bruni, C. and G. Koch (1985) Identifiability of continuous mixtures of unknown gaussian distributions | 0.874 | 9 | 3 | 67% |
| 4 | Freyberger, J (2018) Non-parametric panel data models with interactive fixed effects | 0.822 | 9 | 3 | 56% |
| 5 | Antonovics, K. and L. Golan (2012) Experimentation and job choice | 0.811 | 4 | 2 | 100% |
| 6 | Miller, R. A (1984) Job matching and occupational choice | 0.811 | 4 | 2 | 100% |
| 7 | Pastorino, E (2024) Careers in firms: The role of learning about ability and human capital acquisition | 0.811 | 4 | 2 | 100% |
| 8 | Cunha, F. and J. J. Heckman (2016) Decomposing trends in inequality in earnings into forecastable and uncertain components | 0.737 | 4 | 3 | 50% |
| 9 | Chan, T. Y. and B. H. Hamilton (2006) Learning, private information, and the economic evaluation of randomized experiments | 0.737 | 3 | 2 | 100% |
| 10 | Pastorino, E (2015) Job matching within and across firms | 0.737 | 3 | 2 | 100% |
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