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Heckman Method Generalization and Its Application to Wage Equation Estimation

Student: Potanin Bogdan

Supervisor: Elena V. Kossova

Faculty: Faculty of Economic Sciences

Educational Programme: Applied Economics (Master)

Final Grade: 9

Year of Graduation: 2017

This work devoted to Heckman method generalization. Both two step and maximum likelihood procedures has been generalized and programmed up to any number of selection equations. Properties of the proposed method estimates has been analyzed using simulated data. Finally this method has been applied to Russian labour market analysis under assumption of double censoring: due to unemployment and wage question answer.

Full text (added May 15, 2017)

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