Arbeitspapier
Ordered response models
We discuss regression models for ordered responses, such as ratings of bonds, schooling attainment, or measures of subjective well-being. Commonly used models in this context are the ordered logit and ordered probit regression models. They are based on an underlying latent model with single index function and constant thresholds. We argue that these approaches are overly restrictive and preclude a flexible estimation of the effect of regressors on the discrete outcome probabilities. For example, the signs of the marginal probability effects can only change once when moving from the smallest category to the largest one. We then discuss several alternative models that overcome these limitations. An application illustrates the benefit of these alternatives.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 0507
- Klassifikation
-
Wirtschaft
Single Equation Models; Single Variables: Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
Education and Economic Development
- Thema
-
marginal effects
generalized threshold
sequential model
random coefficients
latent class analysis
happiness
Regression
Schätztheorie
Sequentialanalyse
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Boes, Stefan
Winkelmann, Rainer
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Zurich, Socioeconomic Institute
- (wo)
-
Zurich
- (wann)
-
2005
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Boes, Stefan
- Winkelmann, Rainer
- University of Zurich, Socioeconomic Institute
Entstanden
- 2005
Ähnliche Objekte (12)
Subjective well-being and the family: results from an ordered probit model with multiple random effects
Copula-based bivariate binary response models
Subjective Well-Being and the Family: Results from an Ordered Probit Model with Multiple Random Effects
Subjective well-being and the family: Results from an ordered probit model with multiple random effects
An empirical model of health care demand under non-linear pricing
Consistent estimation of the fixed effects ordered logit model
Consistent estimation of the fixed effects ordered logit model
Copula bivariate probit models: With an application to medical expenditures
An empirical model of health care demand under non-linear pricing
Veränderungen von Blut- und Gewebsgasdrucken während generalisierter Krampfanfälle
Einfluss der Calciumkonzentration in der Spülflüssigkeit auf die Calciumbilanz unter der Peritonealdialyse
Parental separation and well-being of youths
Subjective well-being and the family: results from an ordered probit model with multiple random effects
Copula-based bivariate binary response models
Subjective Well-Being and the Family: Results from an Ordered Probit Model with Multiple Random Effects
Subjective well-being and the family: Results from an ordered probit model with multiple random effects
An empirical model of health care demand under non-linear pricing
Consistent estimation of the fixed effects ordered logit model
Consistent estimation of the fixed effects ordered logit model
Copula bivariate probit models: With an application to medical expenditures
An empirical model of health care demand under non-linear pricing
Veränderungen von Blut- und Gewebsgasdrucken während generalisierter Krampfanfälle
Einfluss der Calciumkonzentration in der Spülflüssigkeit auf die Calciumbilanz unter der Peritonealdialyse
Parental separation and well-being of youths
Subjective well-being and the family: results from an ordered probit model with multiple random effects
Copula-based bivariate binary response models
Subjective Well-Being and the Family: Results from an Ordered Probit Model with Multiple Random Effects
Subjective well-being and the family: Results from an ordered probit model with multiple random effects
An empirical model of health care demand under non-linear pricing
Consistent estimation of the fixed effects ordered logit model
Consistent estimation of the fixed effects ordered logit model
Copula bivariate probit models: With an application to medical expenditures
An empirical model of health care demand under non-linear pricing
Veränderungen von Blut- und Gewebsgasdrucken während generalisierter Krampfanfälle
Einfluss der Calciumkonzentration in der Spülflüssigkeit auf die Calciumbilanz unter der Peritonealdialyse