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- W2164664026 abstract "Relatively few published studies apply Heckman’s (1979) sample selection model to the case of a discrete endogenous variable and those are limited to a single outcome equation. However, there are potentially many applications for this model in health, labor and financial economics. To fill in this theoretical gap, I extend the Bayesian multivariate probit setup of Chib and Greenberg (1998) into a model of non-ignorable selection that can handle multiple selection and discrete-continuous outcome equations.The first extension of the multivariate probit model in Chib and Greenberg (1998) allows some of the outcomes to be missing. In addition, I use Cholesky factorization ofthe variance matrix to avoid the Metropolis-Hastings algorithm in the Gibbs sampler.Finally, using artificial data I show that the model is capable of retrieving the parameters used in the data-generating process and also that the resulting Markov Chainpasses all standard convergence tests." @default.
- W2164664026 created "2016-06-24" @default.
- W2164664026 creator A5014259173 @default.
- W2164664026 date "2010-01-01" @default.
- W2164664026 modified "2023-09-27" @default.
- W2164664026 title "A Bayesian Model of Sample Selection with a Discrete Outcome Variable" @default.
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