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Subjective Health Assessments and Active Labor Market Participation of Older Men: Evidence from a Semiparametric Binary Choice Model with Nonadditive Correlated Individual-Specific...

Maurer, Jürgen; Klein, Roger; Vella, Francis - Institute for the Study of Labor (IZA) - 2007

We use panel data from the US Health and Retirement Study 1992-2002 to estimate the effect of self-assessed health limitations on active labor market participation of men around retirement age. Self-assessments of health and functioning typically introduce an endogeneity bias when studying the...

Persistent link: https://www.econbiz.de/10005703212

Estimating a Class of Triangular Simultaneous Equations Models Without Exclusion Restrictions

Klein, Roger; Vella, Francis - Institute for the Study of Labor (IZA) - 2006

This paper provides a control function estimator to adjust for endogeneity in the triangular simultaneous equations … dependence of the errors on exogenous variables (e.g. heteroscedasticity) to adjust the conventional control function estimator …

Persistent link: https://www.econbiz.de/10005566652