Journal articles
Simulation Estimation of Two‐tiered Dynamic Panel Tobit Models with an Application to the labour Supply of Married Women: A Comment
Abstract : We find that the empirical results reported in Chang (Journal of Applied Econometrics 2011; 26(5): 854–871) are contingent on the specification of the model. The use of Heckman's initial conditions combined with observed and not latent lagged dependent variables leads to a counter-intuitive estimation of the true state dependence. The use of Wooldridge's initial conditions together with the observed lagged dependent variable and a proper modelling of censoring provides a much more natural estimate of the true state dependence parameters together with a clearer interpretation of the decision to participate in the labour market in the two-tiered model. Copyright © 2015 John Wiley & Sons, Ltd.
Keywords :
Economie quantitative
https://hal-amu.archives-ouvertes.fr/hal-01447856
Contributor : Patrice Cacciuttolo Connect in order to contact the contributor
Submitted on : Friday, January 27, 2017 - 12:14:59 PM
Last modification on : Thursday, November 4, 2021 - 11:58:07 AM
Contributor : Patrice Cacciuttolo Connect in order to contact the contributor
Submitted on : Friday, January 27, 2017 - 12:14:59 PM
Last modification on : Thursday, November 4, 2021 - 11:58:07 AM
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