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Persistent link: https://www.econbiz.de/10003434189
We propose a method to correct for sample selection in quantile regression models. Selection is modelled via the cumulative distribution function, or copula, of the percentile error in the outcome equation and the error in the participation decision. Copula parameters are estimated by minimizing...
Persistent link: https://www.econbiz.de/10011405705
their assets are low, as standard life-cycle theory would predict. In contrast, high-consumption types respond less on …
Persistent link: https://www.econbiz.de/10014248416