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Simplified implementation of the Heckman estimator of the dynamic probit model and a comparison with alternative estimators

Arulampalam, Wiji; Stewart, Mark B. - 2007

This paper presents a convenient shortcut method for implementing the Heckman estimator of the dynamic random effects probit model using standard software. It then compares the three estimators proposed by Heckman, Orme and Wooldridge based on three alternative approximations, first in an...

Persistent link: https://www.econbiz.de/10010268488

Efficient probit estimation with partially missing covariates

Conniffe, Denis; O'Neill, Donal - 2009

A common approach to dealing with missing data is to estimate the model on the common subset of data, by necessity throwing away potentially useful data. We derive a new probit type estimator for models with missing covariate data where the dependent variable is binary. For the benchmark case of...

Persistent link: https://www.econbiz.de/10010269313

A salience theory of choice errors

Manzini, Paola; Mariotti, Marco - 2010

We study a psychologically based foundation for choice errors. The decision maker applies a preference ranking after forming a 'consideration set' prior to choosing an alternative. Membership of the consideration set is determined both by the alternative specific salience and by the rationality...

Persistent link: https://www.econbiz.de/10010269842

Pregibit: A family of discrete choice models

Vijverberg, Chu-ping C.; Vijverberg, Wim P. - 2012

The pregibit discrete choice model is built on a distribution that allows symmetry or asymmetry and thick tails, thin tails or no tails. Thus the model is much richer than the traditional models that are typically used to study behavior that generates discrete choice outcomes. Pregibit nests...

Persistent link: https://www.econbiz.de/10010282457

Stochastic choice and consideration sets

Manzini, Paola; Mariotti, Marco - 2012

We model a boundedly rational agent who suffers from limited attention. The agent considers each feasible alternative with a given (unobservable) probability, the attention parameter, and then chooses the alternative that maximises a preference relation within the set of considered alternatives....

Persistent link: https://www.econbiz.de/10010289884

A computationally practical simulation estimation algorithm for dynamic panel data models with unobserved endogenous state variables

Keane, Michael P.; Sauer, Robert M. - 2009

This paper develops a simulation estimation algorithm that is particularly useful for estimating dynamic panel data … substantially better than the popular Markov model. The Polya model implies far less state dependence in employment status than the …

Persistent link: https://www.econbiz.de/10010271244

A control function approach to estimating dynamic probit models with endogenous regressors, with an application to the study of poverty persistence in China

Giles, John T.; Murtazashvili, Irina - 2012

This paper proposes a parametric approach to estimating a dynamic binary response panel data model that allows for …

Persistent link: https://www.econbiz.de/10010289957

An exponential class of dynamic binary choice panel data models with fixed effects

Al-Sadoon, Majid M.; Li, Tong; Pesaran, Mohammad Hashem - 2012

This paper develops a model for dynamic binary choice panel data that allows for unobserved heterogeneity to be …

Persistent link: https://www.econbiz.de/10010291322

Bias corrections for two-step fixed effects panel data estimators

Fernández-Val, Iván; Vella, Francis - 2007

This paper introduces bias-corrected estimators for nonlinear panel data models with both time invariant and time …/selection bias. We then estimate the primary equation by fixed effects including an appropriately constructed control function from … both steps might employ nonlinear fixed effects procedures it is necessary to bias adjust the estimates due to the …

Persistent link: https://www.econbiz.de/10010268162

Identification and Estimation of Economic Models of Outmigration Using Panel Attrition

Bellemare, Charles - 2004

estimate a panel data model where immigrants can choose whether to stay or leave a country. The model is estimated using the … German Socio-Economic Panel (GSOEP). Outmigrants are found to have significantly lower labor market earnings and work …

Persistent link: https://www.econbiz.de/10010261828