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TWO-STAGE QUANTILE REGRESSION WHEN THE FIRST STAGE IS BASED ON QUANTILE REGRESSION

Muller, Christophe; Kim, Tae-Hwan - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2004

We present the asymptotic properties of double-stage quantile regression estimators with random regressors, where the first stage is based on quantile regressions with the same quantile as in the second stage, which ensures robustness of the estimation procedure. We derive invariance properties...

Persistent link: https://www.econbiz.de/10005212564

Counterfactual distributions of wages via quantile regression with endogeneity

Sanchis, Elena Martínez; Kandemir, Ilker; López, Juan Mora - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2011

regressions, and correcting for the endogeneity of schooling decisions using a control function approach. Our proposal enables us … parental background as instruments. Our results show that the change in the distribution of ability had a negative effect on …

Persistent link: https://www.econbiz.de/10009399782

THE INFLUENCE OF GENDER ON SPANISH BOARDS OF DIRECTORS: AN EMPIRICAL ANALYSIS

Vera, Antonio Mínguez; Campbell, Kevin - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2007

Many studies have examined the impact of various characteristics of the board of directors on firm value. However, little attention has been paid to the impact of female board membership on firm value, with the exception of a number of U.S. studies. The aim of this paper is to investigate this...

Persistent link: https://www.econbiz.de/10005731179

A Parametric Control Function Approach to Estimating the Returns to Schooling in the Absence of Exclusion Restrictions: An Application to the NLSY

Vella, Francis; Farré, Lídia; Klein, Roger - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2008

). Rather than accounting for the endogeneity of schooling through the use of instrumental variables we employ a parametric … version of the Klein and Vella (2006a) estimator. This estimator bypasses the need for instruments by exploiting features of …. Accounting for endogeneity increases the estimate of the return to education by 5 percentage points, from 7.6% to 12.7%. …

Persistent link: https://www.econbiz.de/10005731251

Does increasing parents' schooling raise the schooling of the next generation? Evidence based on conditional second moments

Vella, Francis; Farré, Lídia; Klein, Roger - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2009

exploit the feature of the transmissionmechanism responsible for its endogeneity. More explicitly, we assume …

Persistent link: https://www.econbiz.de/10005731418

TWO-STAGE HUBER ESTIMATION

Muller, Christophe; Kim, Tae-Hwan - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2005

In this paper we study how the Huber estimator can be adapted to the presence of endogeneity in a two stage equations … useful alternative to 2SLS and 2SLAD in cases of two-stage estimation to deal with endogeneity when there are concerns for …

Persistent link: https://www.econbiz.de/10005515919