Identifying dynamic discrete decision processes

摘要

Over the last decade, the number of econometric applications using structural models of dynamic discrete choice has been growing quickly. These models allow economists to simulate the consequences of economic policies affecting education, labor market transitions, retirement decisions, or fertility choices (see, for example, Keane and Wolpin (1996), Eckstein and Wolpin (1989)). Little is known however about the identification of these models except that they are generically not identified (Rust (1994)).