Sample Selection Correction in Panel Data Models When Selectivity Is Due to Two Sources
AbstractThis paper proposes a specification of Wooldridge's (1995) two step estimation method in which selectivity bias is due to two sources rather than one. The main objective of the paper is to show how the method can be applied in practise. The application concerns an important problem in health economics: the presence of asymmetric information in the private health insurance markets on which there exists a large literature. The data for the empirical application is drawn from the 2003/2004 Medical Expenditure Panel Survey in conjunction with the 2002 National Health Interview Survey.
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Bibliographic InfoArticle provided by AccessEcon in its journal Economics Bulletin.
Volume (Year): 29 (2009)
Issue (Month): 4 ()
Contact details of provider:
multiple sample selection bias; panel data; asymmetric information.;
Other versions of this item:
- Di Novi, Cinzia, 2009. "Sample selection correction in panel data models when selectivity is due to two sources," POLIS Working Papers 137, Institute of Public Policy and Public Choice - POLIS.
- C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
- C5 - Mathematical and Quantitative Methods - - Econometric Modeling
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Keeler, Emmett B & Newhouse, Joseph P & Phelps, C E, 1977. "Deductibles and the Demand for Medical Care Services: The Theory of a Consumer Facing a Variable Price Schedule under Uncertainty," Econometrica, Econometric Society, vol. 45(3), pages 641-55, April.
- Christian Dustmann & Mar�a Engracia Rochina-Barrachina, 2007. "Selection correction in panel data models: An application to the estimation of females' wage equations," Econometrics Journal, Royal Economic Society, vol. 10(2), pages 263-293, 07.
- Dustmann, Christian & Rochina-Barrachina, María Engracia, 2000. "Selection Correction in Panel Data Models: An Application to Labour Supply and Wages," IZA Discussion Papers 162, Institute for the Study of Labor (IZA).
- Marchese Carla & Ramello Giovanni B., 2011.
"In the Beginning Was the Word. Now is the Copyright,"
Review of Law & Economics,
De Gruyter, vol. 7(1), pages 271-289, October.
- Marchese, Carla & Ramello, Giovanni B., 2010. "In the beginning was the Word. Now is the Copyright," POLIS Working Papers 140, Institute of Public Policy and Public Choice - POLIS.
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