|
EconStor >
Forschungsinstitut zur Zukunft der Arbeit (IZA), Bonn >
IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA) >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/20634
|
| | |
Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Horrace, William C. | | en_US |
| dc.contributor.author | | Oaxaca, Ronald L. | | en_US |
| dc.date.accessioned | | 2009-01-28T16:15:34Z | | - |
| dc.date.available | | 2009-01-28T16:15:34Z | | - |
| dc.date.issued | | 2003 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/20634 | | - |
| dc.description.abstract | | The conditions under which ordinary least squares (OLS) is an unbiased and consistent estimator of the linear probability model (LPM) are unlikely to hold in many instances. Yet the LPM still may be the correct model or a good approximation to the probability generating process. A sequential least squares (SLS) estimation procedure is introduced that may outperform OLS in terms of finite sample bias and yields a consistent estimator. Monte Carlo simulations reveal that SLS outperforms OLS, probit and logit in terms of mean squared error of the predicted probabilities. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | | | en_US |
| dc.relation.ispartofseries | | IZA Discussion paper series 703 | | en_US |
| dc.subject.jel | | C25 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | linear probability model | | en_US |
| dc.subject.keyword | | sequential least squares | | en_US |
| dc.subject.keyword | | consistency | | en_US |
| dc.subject.keyword | | Monte Carlo | | en_US |
| dc.subject.stw | | Regression | | en_US |
| dc.subject.stw | | Schätztheorie | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.subject.stw | | Linear Probability Model | | en_US |
| dc.title | | New Wine in Old Bottles: A Sequential Estimation Technique for the LPM | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 362201730 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|