BIVARIATE ALTERNATIVES TO THE TOBIT MODEL Richard BLUNDELL and Costas MEGHIR*
نویسندگان
چکیده
This paper discusses some generalisations of the Tobit model that allow for distinct processes determining the censoring rule and the continuous observations. The effect of different behavioural assumptions on the econometric model are examined and the alternatives are contrasted. The paper concentrates on diagnostic tests for misspecitication that are appropriate in each of our examples. These include tests of independence and normality. The empirical illustrations relate to household demand for clothing and to married women’s labour supply. The data are drawn from the Family Expenditure Survey for 1981.
منابع مشابه
Consumer Demand and the Life-Cycle Allocation of Household Expenditures
Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at . http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive...
متن کاملCollective Labour Supply with Children
We extend the collective model of household behavior to allow for the existence of public consumption. Under a separability assumption, we show that the observation of the labor supplies and the household demand for the public good allow to identify preferences and the decision process up to some additive
متن کاملLabour supply and intertemporal substitution
This paper concerns the estimation of an intertemporal model for labour supply and consumption that recognises the presence of nonworkers and which is cast in a structural optimising framework that allows for uncertainty. Through the utilisation of a micro-data source that measures consumption and labour supply we are able to estimate a flexible preference model which incorporates comer solutio...
متن کاملFEMALE LABOUR SUPPLY , HUMAN CAPITAL AND WELFARE REFORM Richard
We consider the impact of Tax credits and income support programs on female education choice, employment, hours and human capital accumulation over the life-cycle. We thus analyze both the short run incentive effects and the longer run implications of such programs. By allowing for risk aversion and savings we are also able to quantify the insurance value of alternative programs. We find import...
متن کاملCollective Labor Supply with Children Richard
We extend the collective model of household behavior to allow for the existence of public consumption. We show how this model allows the analysis of welfare consequences of policies aimed at changing the distribution of power within the household. Our setting provides a conceptual framework for addressing issues linked to the “targeting” of specific benefits or taxes. We also show that the obse...
متن کامل