Re: st: Tobit with cluster()

[Richard Goldstein <richgold@ix.netcom.com>]

use -intreg- (a generalization of tobit); intreg allows the cluster option

Rich

Alexander.D.Rothenberg@frb.gov wrote:
> Hello,
>
> I was wondering if anyone knew if there was a way to estimate a tobit model
> and adjust the standard errors for clustering across groups.  I'm not sure
> why STATA won't let you run a tobit model with the cluster option, and if
> there is some way to do this or force STATA to to this, I would really like
> to know how.
>
> I'm trying to estimate the following model:
>
> tobit usown97float uslist97 msci97 lnas97 debt_as97 bkmkt97 divyld97
> corr_wm95 spgd1-spgd12 if sic60~=1, ll(0) ul(100)
>
> This works fine, but when I include a cluster() option, it doesn't work,
> and I'm not sure how to proceed.  Any assistance with this would be greatly
> appreciated.  Thanks!
>
>
> Alex
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