Artikel
Fractional Response Models - A Replication Exercise of Papke and Wooldridge (1996)
This paper replicates the estimates of a fractional response model for share data reported in the seminal paper of Leslie E. Papke and Jeffrey M. Wooldridge published in the Journal of Applied Econometrics 11(6), 1996, pp.619-632. We have been able to replicate all of the reported estimation results concerning the determinants of employee participation rates in 401(k) pension plans using the standard routines provided in Stata. As an alternative, we estimate a two-part model that is capable of coping with the excessive number of boundary values equalling one in the data. The estimated marginal effects are similar to those derived in the paper. A small-scale Monte Carlo simulation exercise suggests that the RESET tests proposed by Papke and Wooldridge in their robust form are useful for detecting neglected non-linearities in small samples.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Contemporary Economics ; ISSN: 2084-0845 ; Volume: 6 ; Year: 2012 ; Issue: 3 ; Pages: 56-64 ; Warsaw: Vizja Press & IT
- Klassifikation
-
Wirtschaft
Statistical Simulation Methods: General
Single Equation Models; Single Variables: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions
- Thema
-
replication exercise
fractional response models
two-part models
Monte Carlo simulation
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Oberhofer, Harald
Pfaffermayr, Michael
- Ereignis
-
Veröffentlichung
- (wer)
-
Vizja Press & IT
- (wo)
-
Warsaw
- (wann)
-
2012
- DOI
-
doi:10.5709/ce.1897-9254.50
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Oberhofer, Harald
- Pfaffermayr, Michael
- Vizja Press & IT
Entstanden
- 2012
Ähnliche Objekte (12)
Fractional Response Models - A Replication Exercise of Papke and Wooldridge (1996)
Euroregiony pogranicza niemiecko-francuskiego i niemiecko-polskiego w procesie integracji europejskiej
Influence of quality of life on the state and development of human capital in Latvia
Economic Waves: The Effect of the U.S. Economy on the World Economy
Willingness to Share Knowledge Compared with Selected Social Psychology Theories
Valuation of contractual assets using statistical simulation
Punishment - and beyond
The application of DEA method in evaluating credit risk of companies
Methodologies of project management
The Analysis of Nonstationary Time Series Using Regression, Correlation and Cointegration
Neuroeconomic conditioning of the influence of a market demand of consumers on an innovative character of Polish companies
Sources of return in the index futures markets
Fractional Response Models - A Replication Exercise of Papke and Wooldridge (1996)
Euroregiony pogranicza niemiecko-francuskiego i niemiecko-polskiego w procesie integracji europejskiej
Influence of quality of life on the state and development of human capital in Latvia
Economic Waves: The Effect of the U.S. Economy on the World Economy
Willingness to Share Knowledge Compared with Selected Social Psychology Theories
Valuation of contractual assets using statistical simulation
Punishment - and beyond
The application of DEA method in evaluating credit risk of companies
Methodologies of project management
The Analysis of Nonstationary Time Series Using Regression, Correlation and Cointegration
Neuroeconomic conditioning of the influence of a market demand of consumers on an innovative character of Polish companies
Sources of return in the index futures markets
Fractional Response Models - A Replication Exercise of Papke and Wooldridge (1996)
Euroregiony pogranicza niemiecko-francuskiego i niemiecko-polskiego w procesie integracji europejskiej
Influence of quality of life on the state and development of human capital in Latvia
Economic Waves: The Effect of the U.S. Economy on the World Economy
Willingness to Share Knowledge Compared with Selected Social Psychology Theories
Valuation of contractual assets using statistical simulation
Punishment - and beyond
The application of DEA method in evaluating credit risk of companies
Methodologies of project management
The Analysis of Nonstationary Time Series Using Regression, Correlation and Cointegration
Neuroeconomic conditioning of the influence of a market demand of consumers on an innovative character of Polish companies