A Note on the Correlated Random Coefficient Model
In 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.
|Date of creation:||Aug 2006|
|Date of revision:|
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- Valerie Lechene & Martin Browning, 2002.
"Children and Demand: Direct and Non-Direct Effects,"
Economics Series Working Papers
16, University of Oxford, Department of Economics.
- 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.
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