Indirect estimation of linear models with ordinal regressors. A Monte Carlo study and some empirical illustrations

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dc.contributor.author Kukuk, Martin de_DE
dc.date.accessioned 2005-12-19 de_DE
dc.date.accessioned 2014-03-18T10:02:25Z
dc.date.available 2005-12-19 de_DE
dc.date.available 2014-03-18T10:02:25Z
dc.date.issued 1998 de_DE
dc.identifier.uri http://nbn-resolving.de/urn:nbn:de:bsz:21-opus-21361 de_DE
dc.identifier.uri http://hdl.handle.net/10900/47456
dc.description.abstract This paper investigates the effects of ordinal regressors in linear regression models. Each ordered categorical variable is interpreted as a rough measurement of an underlying continuous variable as it is often done in microeconometrics for the dependent variable. It is shown that using ordinal indicators only leads to correct answers in a few special cases. In most situations, the usual estimators are biased. In order to estimate the parameters of the model consistently, the indirect estimation procedure suggested by Gourieroux et al. (1993) is applied. To demonstrate this method, first a simulation study is performed and then in a second step, two real data sets are used. In the latter case, continuous regressors are transformed into categorical variables to study the behavior of the estimation procedure. In general, the indirect estimators lead to adequate results. en
dc.language.iso en de_DE
dc.publisher Universität Tübingen de_DE
dc.rights ubt-podno de_DE
dc.rights.uri http://tobias-lib.uni-tuebingen.de/doku/lic_ohne_pod.php?la=de de_DE
dc.rights.uri http://tobias-lib.uni-tuebingen.de/doku/lic_ohne_pod.php?la=en en
dc.subject.classification Latente Variable de_DE
dc.subject.ddc 330 de_DE
dc.subject.other Microeconometrics , Exogenous Variables with Ordinal Scale , Latent Variables , Indirect Estimation en
dc.title Indirect estimation of linear models with ordinal regressors. A Monte Carlo study and some empirical illustrations en
dc.type ResearchPaper de_DE
utue.publikation.fachbereich Wirtschaftswissenschaften de_DE
utue.publikation.fakultaet 6 Wirtschafts- und Sozialwissenschaftliche Fakultät de_DE
dcterms.DCMIType Text de_DE
utue.publikation.typ workingPaper de_DE
utue.opus.id 2136 de_DE
utue.opus.portal wiwidisk de_DE
utue.opus.portalzaehlung 155.00000 de_DE
utue.publikation.source Tübinger Diskussionsbeiträge der Wirtschaftswissenschaftlichen Fakultät ; 155 de_DE
utue.publikation.noppn yes de_DE
utue.publikation.reihenname Tübinger Diskussionsbeitrag de_DE
utue.publikation.zsausgabe 155
utue.publikation.erstkatid 2136475-8

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