Krueger, Alan B.; Müller, Andreas - 2008
xdFbhtVxUhsbhtVsbhurhbtV )(),()(),()1,(m a x1 1),( 0,10 (1)
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where t is time until benefit exhaustion, h the length of each period, u … factor that allows one to compute
the marginal effect of each variable. The marginal effect of a Tobit model is dE(y|x …)/dxi =
i * (x/) where (.) is the standard normal cdf and, to make the Tobit estimates
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comparable to the linear …