Collinearity and Two-Step Estimation of Sample Selection Models: Problems, Origins and Remedies

This paper investigates the origins of the collinearity problems encountered in the two-step estimation method for sample selection models. The analysis reveals several critical misconceptions and deficiencies in the literature. Remedies to the collinearity problems are proposed and evaluated.

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Year of publication:	1996
Authors:	Leung, S.F. ; Yu, S.
Institutions:	University of Rochester - Center for Economic Research (RCER)
Subject:	ECONOMETRICS

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Series:	RCER Working Papers.
Type of publication:	Book / Working Paper
Notes:	29 pages
Classification:	C15 - Statistical Simulation Methods; Monte Carlo Methods ; C24 - Truncated and Censored Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005808147