Arbeitspapier
Copula bivariate probit models: With an application to medical expenditures
The bivariate probit model is frequently used for estimating the effect of an endogenous binary regressor (the treatment) on a binary health outcome variable. This paper discusses simple modifications that maintain the probit assumption for the marginal distributions while introducing non-normal dependence using copulas. In an application of the copula bivariate probit model to the effect of insurance status on the absence of ambulatory health care expenditure, a model based on the Frank copula outperforms the standard bivariate probit model.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 29
- Klassifikation
-
Wirtschaft
Multiple or Simultaneous Equation Models: Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
Health Behavior
- Thema
-
bivariate probit
binary endogenous regressor
Frank copula
Clayton copula
Panel
Probit-Modell
Kopula (Mathematik)
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Winkelmann, Rainer
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Zurich, Department of Economics
- (wo)
-
Zurich
- (wann)
-
2011
- DOI
-
doi:10.5167/uzh-51533
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:24 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Winkelmann, Rainer
- University of Zurich, Department of Economics
Entstanden
- 2011