Endogeneity in Semiparametric Binary Response Models
开发了半参数方法来估计含有连续内生解释变量的二元响应模型，并用英国家庭支出调查数据估计劳动参与中的收入效应，发现半参数估计能检测到显著的衰减偏误。
This paper develops and implements semiparametric methods for estimating binary response (binary choice) models with continuous endogenous regressors. It extends existing results on semiparametric estimation in single-index binary response models to the case of endogenous regressors. It develops a control function approach to account for endogeneity in triangular and fully simultaneous binary response models. The proposed estimation method is applied to estimate the income effect in a labour market participation problem using a large micro data-set from the British Family Expenditure Survey. The semiparametric estimator is found to perform well, detecting a significant attenuation bias. The proposed estimator is contrasted to the corresponding probit and linear probability specifications. Copyright 2004, Wiley-Blackwell.