A note on Heckman-type corrections in models for zero expenditures
In Heien and Wessells (1990), a two-step estimation procedure, that makes use of Heckman-type corrections, is proposed to estimate consumption on household budget surveys. It is shown that this approach, which draws from switching regressions models, leads to inconsistent estimates.
Volume (Year): 33 (2001)
Issue (Month): 9 ()
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