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| Title: | | Consistent estimation of the fixed effects ordered logit model  |
| Authors: | | Baetschmann, Gregori Staub, Kevin E. Winkelmann, Rainer |
| Issue Date: | | 2011 |
| Series/Report no.: | | Discussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5443 |
| Abstract: | | The paper re-examines existing estimators for the panel data fixed effects ordered logit model, proposes a new one, and studies the sampling properties of these estimators in a series of Monte Carlo simulations. There are two main findings. First, we show that some of the estimators used in the literature are inconsistent, and provide reasons for the inconsistency. Second, the new estimator is never outperformed by the others, seems to be substantially more immune to small sample bias than other consistent estimators, and is easy to implement. The empirical relevance is illustrated in an application to the effect of unemployment on life satisfaction. |
| Subjects: | | ordered response panel data correlated heterogeneity incidental parameters |
| JEL: | | C23 C25 J28 J64 |
| Persistent Identifier of the first edition: | | urn:nbn:de:101:1-201104113165 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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