Parametric and semi-parametric estimation of the binary response model of labour market participation
比较了Probit模型与三种半参数估计方法在已婚女性劳动力参与中的应用,使用瑞士和德国数据发现Probit在瑞士数据中未被拒绝,但在德国数据中被拒绝,预测概率在部分样本中存在系统差异。
This paper compares the familiar probit model with three semiparametric estimators of binary response models in an application to labour market participation of married women. This exercise is performed using two different cross-section data sets from Switzerland and Germany. For the Swiss data the probit specification cannot be rejected and the models yield similar results. In the German case the probit model is rejected, but the coefficient estimates do not vary substantially across the models. The predicted choice probabilities, however, differ systematically for a subset of the sample. The results of this paper indicate that more work is necessary on specification tests of semiparametric models and on simulations using these models.