Parametric and Semi-parametric Estimation of the Binary Response Model of Labor Market Participation
This paper compares the familiar probit model with three semiparametric estimators of binary response models in an application to labour market participation of married women. This exercise is performed using two different cross-section data sets from Switzerland and Germany. For the Swiss data the probit specification cannot be rejected and the models yield similar results. In the German case the probit model is rejected, but the coefficient estimates do not vary substantially across the models. The predicted choice probabilities, however, differ systematically for a subset of the sample. The results of this paper indicate that more work is necessary on specification tests of semiparametric models and on simulations using these models. Copyright 1996 by John Wiley & Sons, Ltd.
Volume (Year): 11 (1996)
Issue (Month): 3 (May-June)
|Contact details of provider:|| Web page: http://www.interscience.wiley.com/jpages/0883-7252/|
|Order Information:|| Web: http://www3.interscience.wiley.com/jcatalog/subscribe.jsp?issn=0883-7252 Email: |
When requesting a correction, please mention this item's handle: RePEc:jae:japmet:v:11:y:1996:i:3:p:321-39. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.