Dear all,
Heckman (1981) suggested a technique to deal with the initial conditions
problem by using a probit model to approximate the probability of Yi0.
Does anyone know an example of using the STATA to estimate such a model?
Or would anyone who has done similar analyses before share some tips?
Usually econometrics books and articles stop at presenting the related
formulas. It would be very helpful to see some examples of using this
methods.
I would appreciate any help.
Min
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