Biochemistry, Genetics and Molecular Biology
4 years ago

New estimator revolutionizes regression model estimation for better policy decisions!

SSRN Electronic Journal
Estimation of an Endogenous Switching Regression Model with Discrete Dependent Variables: Monte-Carlo Analysis and Empirical Application of Three Estimators
Ayal Kimhi

Paper Summary

The researchers compared different methods to estimate a model that predicts whether farm women work off the farm based on whether they work on the farm. They found that an estimator correcting for certain errors is the best choice, especially when the usual method has trouble working. This was confirmed in a real-world example involving farm women's work choices.

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