A Comparison of Two-Stage Estimators of Censored Regression Models.

A-Tier
Journal: Review of Economics and Statistics
Year: 1991
Volume: 73
Issue: 1
Pages: 185-88

Authors (2)

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper presents a Monte Carlo comparison of the small-sample performance of subsample ordinary least squares, the Heckman-Lee two-stage estimator, and the robust estimator of Lee. Each estimator is considered under bivariate normal, t, and chi-square error structures. The estimates indicate that the Heckman-Lee and Lee estimators do not provide an unequivocal mean square error improvement upon subsample ordinary least squares in small samples. While effectively controlling for selectivity bias, the two-stage estimators suffer a substantial loss of small-sample precision relative to subsample ordinary least squares. Copyright 1991 by MIT Press.

Technical Details

RePEc Handle
repec:tpr:restat:v:73:y:1991:i:1:p:185-88
Journal Field
General
Author Count
2
Added to Database
2026-01-29