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st: Murphy-Topel correction for MLogit - Tobit is possible?
From
Sezgin Ayabakan <[email protected]>
To
"." <[email protected]>
Subject
st: Murphy-Topel correction for MLogit - Tobit is possible?
Date
Thu, 22 Aug 2013 11:42:36 -0500 (CDT)
Dear Stata community,
I have been using Murphy-Topel correction for a logit (first eq.) - tobit (second eq.) model and I've referred to the paper by Hole (2006), Stata Journal 6 (4).
However, now I have a categorical variable (3 different cases), so in order to handle this situation I included two binary variables in the tobit model. And these two binary variables are determined within in the system (through exogenous variables and some other variables-instruments). At this point, I'm not sure if I can apply Murphy Topel correction approach. I thought of using mlogit in the first equation, and then getting the predicted probabilities for cases 2 and 3, and using these predicted probabilities in the tobit model. Would mlogit-tobit be possible?
This is my first posting, so hopefully everything is clear.
Thank you,
--
Sezgin Ayabakan
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