Abstract
In this paper we consider a probit model estimated on panel data with random person-specific effects when an independent variable is measured with error. For normally distributed measurement error, a structural maximum-likelihood estimate from a likelihood that is conditional on the observed independent variable but marginal on the incidental parameter is studied. A minimum-distance estimator without the use of external instruments is proposed.
Original language | English (US) |
---|---|
Pages (from-to) | 339-342 |
Number of pages | 4 |
Journal | Economics Letters |
Volume | 24 |
Issue number | 4 |
DOIs | |
State | Published - 1987 |
ASJC Scopus subject areas
- Finance
- Economics and Econometrics