Simulation Estimation of Two-tiered Dynamic Panel Tobit Models with an Application to the labour Supply of Married Women
A Comment
Bibliographic Data
| ID | 19065388 |
|---|---|
| Authors | Zhou Xun (0000-0003-1459-6688, AMSE; Aix-Marseille University; France), Michel Lubrano (0000-0003-0448-0307, AMSE; Aix-Marseille University; France, corresponding author) |
| Year | 2015 |
| Volume | 31 |
| Issue | 4 |
| Pages | 756-761 |
| Publication date | 2015-01-11 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Applied Econometrics (JOURNAL) |
| Journal identifiers | ISSN: 1099-1255 • E-ISSN: 0883-7252 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1002/jae.2434 |
| OpenAlex | W2153395271 |
| Language | EN |
| References cited | 3 |
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
Econometrics · Economics · Estimation · Latent variable · Panel data · State variable · Statistics · Tobit model · Fiscal Policy and Economic Growth · Gender, Labor, and Family Dynamics · Mathematics · Spatial and Panel Data Analysis
| Highly cited | No |
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