Sample Selection Model with Bootstrap (BPSSM) Approach:
Loading...
Date
2016
Journal Title
Journal ISSN
Volume Title
Publisher
Scientific Research Publishing
Abstract
Heckman Sampel Selection Model (PSSM) has been adopted widely in the study of
labour work. This model contains exogenous, endogenous and standard error variables.
However, this model is constantly exposed to high inaccuracy of estimation
result. Therefore, to obtain an accurate and precise estimation, the bootstrap approach
is introduced. The bootstrap approach will be hybrid with PSSM model
known as BPSSM to achieve estimation result that is more precise. Then, the BPSSM
is applied to Malaysian Population and Family Survey 1994 (MPFS-1994) data. The
results showed that BPSSM provide a smaller standard error and shorter confidence
intervals.
Description
Keywords
Sampel Selection, Bootstrap, Standard Error, Confidence Intervals