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Latent class, or finite mixture, modelling has proved a very popular, and relatively easy, way of introducing much-needed heterogeneity into empirical models right across the social sciences. The technique involves (probabilistically) splitting the population into a finite number of (relatively...
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We propose a Tempered Ordered Probit (TOP) model. Our contribution lies not only in explicitly accounting for an excessive number of observations in a given choice category - as is the case in the standard literature on inflated models; rather, we introduce a new econometric model which nests...
Persistent link: https://www.econbiz.de/10010705865
We propose a Tempered Ordered Probit (TOP) model. Our contribution lies not only in explicitly accounting for an excessive number of observations in a given choice category - as is the case in the standard literature on in?ated models; rather, we introduce a new econometric model which nests the...
Persistent link: https://www.econbiz.de/10010819901
Using household-level data, we explore the relationship between donations to the victims of the 2004 Indian Ocean tsunami disaster and other charitable donations. The empirical evidence suggests that donations specifically for the victims of the tsunami are positively associated with the amount...
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In this paper we present an econometric framework for modeling occupational choice that allows us to separately, and simultaneously, model supply-side and demand-side influences whilst allowing for potential ordering with regard to skill levels across occupations.
Persistent link: https://www.econbiz.de/10005288088