Nawata, Kazumitsu - In: Mathematics and Computers in Simulation (MATCOM) 64 (2004) 3, pp. 385-392
The female labor supply models have been widely used in labor economics. The models are usually estimated by Heckman’s two-step estimator. However, Heckman’s two-step estimator often performs poorly. This paper considers an estimation of the models by the maximum likelihood method. An...