| StrikeDuration {AER} | R Documentation |
Strike Durations
Description
Data on the duration of strikes in US manufacturing industries, 1968–1976.
Usage
data("StrikeDuration")Format
A data frame containing 62 observations on 2 variables for the period 1968–1976.
- duration
strike duration in days.
- uoutput
unanticipated output (a measure of unanticipated aggregate industrial production net of seasonal and trend components).
Details
The original data provided by Kennan (1985) are on a monthly basis, for the period 1968(1) through 1976(12). Greene (2003) only provides the June data for each year. Also, the duration for observation 36 is given as 3 by Greene while Kennan has 2. Here we use Greene's version.
uoutput is the residual from a regression of the logarithm of industrial production in manufacturing on time, time squared, and monthly dummy variables.
Source
Online complements to Greene (2003).
https://pages.stern.nyu.edu/~wgreene/Text/tables/tablelist5.htm
References
Greene, W.H. (2003). Econometric Analysis, 5th edition. Upper Saddle River, NJ: Prentice Hall.
Kennan, J. (1985). The Duration of Contract Strikes in US Manufacturing. Journal of Econometrics, 28, 5–28.
See Also
Examples
data("StrikeDuration")
library("MASS")
## Greene (2003), Table 22.10
fit_exp <- fitdistr(StrikeDuration$duration, "exponential")
fit_wei <- fitdistr(StrikeDuration$duration, "weibull")
fit_wei$estimate[2]^(-1)
fit_lnorm <- fitdistr(StrikeDuration$duration, "lognormal")
1/fit_lnorm$estimate[2]
exp(-fit_lnorm$estimate[1])
## Weibull and lognormal distribution have
## different parameterizations, see Greene p. 794
## Greene (2003), Example 22.10
library("survival")
fm_wei <- survreg(Surv(duration) ~ uoutput, dist = "weibull", data = StrikeDuration)
summary(fm_wei)