Consistent Estimation of the Fixed Effects Ordered Logit Model
本文研究了面板数据中固定效应有序Logit模型的估计问题，指出常用方法不一致，提出一种简单高效的新估计量，并通过德国社会经济面板数据验证了失业对生活满意度的负面影响。
Summary The paper considers panel data methods for estimating ordered logit models with individual-specific correlated unobserved heterogeneity. We show that a popular approach is inconsistent, whereas some consistent and efficient estimators are available, including minimum distance and generalized method-of-moment estimators. A Monte Carlo study reveals the good properties of an alternative estimator that has not been considered in econometric applications before, is simple to implement and almost as efficient. An illustrative application based on data from the German Socio-Economic Panel confirms the large negative effect of unemployment on life satisfaction that has been found in the previous literature.