Fractional Response Models - A Replication Exercise of Papke and Wooldridge (1996)

Arbeitspapier

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 reported estimation results concerning the determinants of employee participation rates in 401(k) pension plans using standard routines provided in Stata. As an alternative, we estimate a two-part model that is able to cope with the excessive number of boundary values of one in the data. The estimated marginal effects are similar to that derived in that 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.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Working Papers in Economics and Statistics ; No. 2009-02

Klassifikation und Themen

• 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. ; Monte-Carlo-Methode ; Modellierung ; Simulation

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Oberhofer, Harald ; Pfaffermayr, Michael
• Ereignis: Veröffentlichung
• (wer): University of Innsbruck, Department of Public Finance
• (wo): Innsbruck
• (wann): 2009

Weitere Informationen

• Handle: http://hdl.handle.net/10419/73511
• Letzte Aktualisierung: 10.03.2025, 11:45 MEZ