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)|
|Number of pages||4|
|State||Published - 1987|
ASJC Scopus subject areas
- Economics and Econometrics