Industrial dynamics and the neolclassical growth model.
Allocating Government Education Expenditures across K-12 and College Education.
Labor Market Trends with
Balanced Growth.
Tax Reform with Useful Public Expenditures.
The Transition from Dirty to Clean Industries: Optimal Fiscal Policy in
a Two-Sector Model of Endogenous Growth.
Growth Effects of Shifting from a Graduated- Rate Tax System to a Flat Tax.
Fiscal Policy and Productivity Growth in the OECD.
Uniform Two-Part Tariffs and Below Marginal Cost Prices: Disneyland Revisited.
Optimal Fiscal Policy, Public Capital, and the Productivity Slowdown.
On Public Capital Analysis with State Data.
The Link Between Tax Rates and Foreign Direct Investment.
Welfare, Stabilization or Growth: A Comparison of Different Fiscal Objectives.
Equivalence of the Standard and Modified Switching Regression Models.
A Normative Analysis of Public Capital.
Optimal Tax Rules in a Dynamic Stochastic Economy with Capital.
A Diagnostic Test Without Numerical Integration.
Backward Solving Quarterly Models with Seasonal or Annual Shocks.
Health Plan Choice and the Utilization of Health Care Services.
The Demand for Employment-Based Health Insurance Plans.
Employment Based Health Insurance.
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Abstract: Ophem (1993) employed a switching regression model with earnings entering the choice equation to investigate earnings differentials between the public and private sectors. Ophem also described a "modified switching regression model" in which only the equation for unknown earnings is substituted into the choice equation. He argued the coefficients in the choice equation can be identified in the modified switching regression model without exclusion restrictions and estimates from the modified switching regression model are more efficient than estimates from the standard switching regression model. We show that there are flaws in Ophem's analysis which invalidate his claims.
