Modeling Household Fertility Decisions: Estimation and Testing of Censored Regression Models for Count Data
AbstractThis paper adds to the recent body of research on fertility by estimating and testing censored Poisson regression models and censored negative binomial regression models of household fertility decisions. A novel feature of this study is that in each case the censoring threshold varies from individual to individual. Also, a Lagrange multiplier or score test is used to investigate overdispersion. In these regression models the dependent variable is the number of children. In this situation, censored Poisson regression models and censored negative binomial regression models have statistical advantages over OLS, uncensored Poisson regression models, and uncensored negative binomial regression models. The censored models employed in this study are estimated using panel data collected from the Consumer Expenditure Survey compiled by the Bureau of Labor Statistics. The findings of this study support the fertility hypothesis of Becker and Lewis (1965-70).
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Bibliographic InfoArticle provided by Springer in its journal Empirical Economics.
Volume (Year): 20 (1995)
Issue (Month): 2 ()
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- Westerberg, Thomas, 2006. "Two Papers On Fertility - The Case Of Sweden," UmeÃ¥ Economic Studies 683, Umeå University, Department of Economics.
- Westerberg, Thomas, 2006. "MoreWork, Less Kids - The Relationship Between Market Experience and Number of Children," UmeÃ¥ Economic Studies 682, Umeå University, Department of Economics.
- Famoye, Felix & Wang, Weiren, 2004. "Censored generalized Poisson regression model," Computational Statistics & Data Analysis, Elsevier, vol. 46(3), pages 547-560, June.
- Jörgen Hellström, 2006. "A bivariate count data model for household tourism demand," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 21(2), pages 213-226.
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