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Simulation Estimation of Two‐tiered Dynamic Panel Tobit Models with an Application to the labour Supply of Married Women: A Comment*

* This paper is a replication of an original study

Author

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  • Zhou Xun
  • Michel Lubrano

Abstract

We find that the empirical results reported in Chang (Journal of Applied Econometrics 2011; 26(5): 854–871) are contingent on the specification of the model. The use of Heckman's initial conditions combined with observed and not latent lagged dependent variables leads to a counter-intuitive estimation of the true state dependence. The use of Wooldridge's initial conditions together with the observed lagged dependent variable and a proper modelling of censoring provides a much more natural estimate of the true state dependence parameters together with a clearer interpretation of the decision to participate in the labour market in the two-tiered model. Copyright © 2015 John Wiley & Sons, Ltd.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Zhou Xun & Michel Lubrano, 2016. "Simulation Estimation of Two‐tiered Dynamic Panel Tobit Models with an Application to the labour Supply of Married Women: A Comment," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 31(4), pages 756-761, June.
    • Handle: RePEc:wly:japmet:v:31:y:2016:i:4:p:756-761
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    Replication

    This item is a replication of:
  • Sheng‐Kai Chang, 2011. "Simulation estimation of two‐tiered dynamic panel Tobit models with an application to the labor supply of married women," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 26(5), pages 854-871, August.

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