Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
name: <unnamed>
log: C:\Users\didar\Desktop\ECO 311\2SLSEstimation_MROZ.smcl
log type: smcl
opened on: 8 Nov 2012, 15:39:00
IV (2SLS) estimation
Instrumented: lwage
Included instruments: educ age kidslt6 nwifeinc
Excluded instruments: exper expersq
2 .
3 . *// Note that the labor supply is estimated instrumenting the endogenous lwage with exper and
> (from the demand equation), and the sargan confirms that the instruments are valid with p>alp
4 . *// Now is the time for estimating the demand for labor using the instruments from the supply
> .
IV (2SLS) estimation
Instrumented: hours
Included instruments: educ exper expersq
Excluded instruments: age kidslt6 nwifeinc
6 . *// Note that we have used the exo variables (those which help us identify the demand equatio
> y included in the supply equation) as instruments for the endo variable lwage in the demand e
7 . *// See related data and examples 16.6, 16.7, and 16.8 (panel case) for further economic appl
> of simultaenous equation systems and the application of 2SLS method.
8 . log close
name: <unnamed>
log: C:\Users\didar\Desktop\ECO 311\2SLSEstimation_MROZ.smcl
log type: smcl
closed on: 8 Nov 2012, 15:44:56