Akay, Alpaslan; Tsakas, Elias - In: Applied Economics 40 (2008) 24, pp. 3101-3110
In this article we discuss the differences between the average marginal effect and the marginal effect of the average individual in sample selection models, estimated by the Heckman procedure. We show that the bias that emerges as a consequence of interchanging the measures, could be very...