A Note on the Correlated Random Coefficient Model
AbstractIn this note we derive the bias of the OLS estimator for a correlated random coefficient model with one random coefficient, but which is correlated with a binary variable. We provide set-identification to the parameters of interest of the model. We also show how to reduce the bias of the estimator.
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Bibliographic InfoPaper provided by University of Copenhagen. Department of Economics. Centre for Applied Microeconometrics in its series CAM Working Papers with number 2006-10.
Length: 8 pages
Date of creation: Aug 2006
Date of revision:
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More information through EDIRC
correlated random coefficient model; bias; discrete choice;
Find related papers by JEL classification:
- C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
- C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-08-26 (All new papers)
- NEP-DCM-2006-08-26 (Discrete Choice Models)
- NEP-ECM-2006-08-26 (Econometrics)
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- Martin Browning & Valérie Lechene, 2003.
"Children and Demand: Direct and Non-Direct Effects,"
Review of Economics of the Household,
Springer, vol. 1(1), pages 9-31, January.
- Valerie Lechene & Martin Browning, 2002. "Children and Demand: Direct and Non-Direct Effects," Economics Series Working Papers 16, University of Oxford, Department of Economics.
- Christophe Kolodziejczyk, 2006. "Retirement and Fixed Costs to Work: An Empirical Analysis," CAM Working Papers 2006-09, University of Copenhagen. Department of Economics. Centre for Applied Microeconometrics.
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