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Details for article 2 of 11 found articles
| Title: |
Asymptotic bias reduction for a conditional marginal effects estimator in sample selection models |
| Author: |
Akay, Alpaslan Tsakas, Elias |
| Appeared in: |
Applied economics |
| Paging: | Volume 40 (2008) nr. 24 pages 3101-3110 |
| Year: |
2008-12 |
| Contents: |
In this article we discuss the differences between the average marginal effect and the marginal effect of the average individual in sample selection models, estimated by the Heckman procedure. We show that the bias that emerges as a consequence of interchanging the measures, could be very significant, even in the limit. We suggest a computationally cheap approximation method, which corrects the bias to a large extent. We illustrate the implications of our method with an empirical application of earnings assimilation and a small Monte Carlo simulation. |
| Publisher: |
Routledge |
| Source file: |
Elektronische Wetenschappelijke Tijdschriften |
Details for article 2 of 11 found articles
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