Title

Censored Regression Estimation Under Unobserved Heterogeneity: A Stochastic Parameter Approach

Document Type

Article

Publication Date

1-1-1995

Publication Title

Journal of Business and Economic Statistics

Abstract

This paper presents a methodology for addressing the problem of unobserved heterogeneity in the context of regression models based on censored samples. The effectiveness, feasibility, and usefulness of the proposed approach is illustrated by means of an empirical application as well as a simulation experiment. The paper demonstrates that censored regressions that control for the presence of unobserved heterogeneity perform substantially better in comparison to their counterparts in which the problem of unobserved heterogeneity is ignored.

Volume

13

Issue

3

First Page

327

Last Page

335

DOI

https://doi.org/10.1080/07350015.1995.10524606

ISSN

0735-0015

Comments

ESSN: 1537-2707

Rights

This is a RoMEO green journal - Must link to publisher version

© 1995 Informa UK Limited

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