Estimation of a simultaneous equations model with an ordinal endogenous variable: The extent of teacher bargaining and the state legal environment

@article{Hill1995EstimationOA,
  title={Estimation of a simultaneous equations model with an ordinal endogenous variable: The extent of teacher bargaining and the state legal environment},
  author={Robert C. Hill and Melissa S. Waters},
  journal={Journal of Economics and Finance},
  year={1995},
  volume={19},
  pages={45-63}
}
This paper presents a simple two-step estimator for a simultaneous equations model that contains an ordinal endogenous variable. The estimation rules are extensions of the Heckman (1978) estimators, also considered by Amemiya (1978). Asymptotic covariance matrices of the estimators also are derived. The estimator is applied to an economic model in which the statewide extent of teacher bargaining and teacherbargaining legislation are determined jointly. 

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