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Simulation of Multinomial Probit Probabilities and Imputation of Missing Data

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Author Info

  • Steven Stern

    ()

  • Victor Lavy

    ()

  • Michael Palumbo

    ()

Abstract

We use simulation methods to impute missing data. First we suggest how one can iteratively estimate a large number of parameters associated with a joint normal distribution function fof latent variable associated with the data. We suggest a way to test the joint normality assumption next. Finally, we propose a method to use draws from the estimated distribution efficiently in a method of simulated moments or simulated maximum likelihood procedure. In the second half of the paper, we apply the proposed methods ot two data sets from Jamaica with significant missing data problems. We find that the procedure provides better parameter estimates in simple models than present popular methods

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File URL: http://www.virginia.edu/economics/RePEc/vir/virpap/papers/virpap388.pdf
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Bibliographic Info

Paper provided by University of Virginia, Department of Economics in its series Virginia Economics Online Papers with number 388.

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Length: 51 pages
Date of creation: 1998
Date of revision:
Handle: RePEc:vir:virpap:388

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Web page: http://www.virginia.edu/economics/home.html

Related research

Keywords: simulation; imputation;

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Cited by:
  1. John Bound & Todd Stinebrickner & Timothy Waidmann, 2007. "Health, Economic Resources and the Work Decisions of Older Men," NBER Working Papers 13657, National Bureau of Economic Research, Inc.
  2. Todd Stinebrickner & Ralph Stinebrickner, 2001. "Time Use and College Outcomes," University of Western Ontario, CIBC Centre for Human Capital and Productivity Working Papers 20012, University of Western Ontario, CIBC Centre for Human Capital and Productivity.
  3. Sullivan, Paul, 2006. "Estimation of an Occupational Choice Model when Occupations are Misclassified," MPRA Paper 862, University Library of Munich, Germany.
  4. Todd R. Stinebrickner & Ralph Stinebrickner, 2000. "The Relationship Between Family Income and Schooling Attainment: Evidence from a Liberal Arts College with a Full Tuition Subsidy Program," UWO Department of Economics Working Papers 20008, University of Western Ontario, Department of Economics.

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