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Discrete choices with panel data

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This paper reviews the existing approaches to deal with panel data binary choice models with individual effects. Their relative strengths and weaknesses are discussed. Much theoretical and empirical research is needed in this area, and the paper points to several aspects that deserve further investigation. In particular, I illustrate the usefulness of asymptotic arguments in providing both approximately unbiased moment conditions, and approximations to sampling distributions for panels of different sample sizes. (Copyright: Fundación SEPI)

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  • Manuel Arellano, 2003. "Discrete choices with panel data," Investigaciones Economicas, Fundación SEPI, vol. 27(3), pages 423-458, September.
    • Handle: RePEc:iec:inveco:v:27:y:2003:i:3:p:423-458
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    1. Keane, Michael P, 1994. "A Computationally Practical Simulation Estimator for Panel Data," Econometrica, Econometric Society, vol. 62(1), pages 95-116, January.
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    17. E. Charlier & B. Melenberg & A. H. O. van Soest, 1995. "A smoothed maximum score estimator for the binary choice panel data model with an application to labour force participation," Statistica Neerlandica, Netherlands Society for Statistics and Operations Research, vol. 49(3), pages 324-342, November.
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    More about this item

    Keywords

    Binary choice; panel data; fixed effects; modifed likelihood; asymptotic corrections;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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