Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/34702 
Year of Publication: 
2007
Series/Report no.: 
IZA Discussion Papers No. 3039
Publisher: 
Institute for the Study of Labor (IZA), Bonn
Abstract: 
This paper presents a convenient shortcut method for implementing the Heckman estimator of the dynamic random effects probit model using standard software. It then compares the three estimators proposed by Heckman, Orme and Wooldridge based on three alternative approximations, first in an empirical model for the probability of unemployment and then in a set of simple simulation experiments.
Subjects: 
Dynamic discrete choice models
initial conditions
dynamic probit
panel data
Document Type: 
Working Paper

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