Week 11: Selection Bias and Multi-Equation Models
Schedule of the Week
Study Notes
We will discuss selection bias models, particularly tobit and heckman models. For tobit models please closely read Long’s chapter 7 and for a nice application take a look at the recent award-winning Dellmuth and Stoffel paper. In order to better understand the Heckman model browse through Rich Timpone’s APSR piece.