NEOCLASSICAL: Stata module to estimate neoclassical education transitions model
Abstractneoclassical estimates a bivariate probit model with selection with coefficients re-scaled to facilitate cross-equation testing for equality. It is termed neoclassical for it is a variant of the neoclassical education transitions framework proposed in Lucas, Fucella, and Berends (2011). Note that the first transition appears in the second equation in the output. Yet, in specifying the model the temporally earlier transition is always regarded as the first transition. The estimates are the re-scaled coefficients and the appropriate standard errors. Any subsequent statistical tests will use this second set of results. A related command, retroclassical, estimates a neoclassical education transitions model while fixing the cross-equation error variance at zero. This provides the result one would obtain by calibrating the coefficients across transitions, yet not accounting for selection. Thus, it is a mid-way point between a neoclassical approach and the classical approach.
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Bibliographic InfoSoftware component provided by Boston College Department of Economics in its series Statistical Software Components with number S457295.
Programming language: Stata
Requires: Stata version 10.1
Date of creation: 18 Jun 2011
Date of revision:
Note: This module should be installed from within Stata by typing "ssc install neoclassical". Windows users should not attempt to download these files with a web browser.
Contact details of provider:
Postal: Boston College, 140 Commonwealth Avenue, Chestnut Hill MA 02467 USA
Web page: http://fmwww.bc.edu/EC/
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For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher F Baum).
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