EconPapers    
Economics at your fingertips  
 

Econometric Methods for Fractional Response Variables with an Application to 401(K) Plan Participation Rates

Leslie Papke () and Jeffrey Wooldridge ()

Journal of Applied Econometrics, 1996, vol. 11, issue 6, 619-32

Abstract: We develop attractive functional forms and simple quasi-likelihood estimation methods for regression models with a fractional dependent variable. Compared with log-odds type procedures, there is no difficulty in recovering the regression function for the fractional variable, and there is no need to use ad hoc transformations to handle data at the extreme values of zero and one. We also offer some new, robust specification tests by nesting the logit or probit function in a more general functional form. We apply these methods to a data set of employee participation rates in 401(k) pension plans. Copyright 1996 by John Wiley & Sons, Ltd.

Date: 1996
References: Add references at CitEc
Citations: View citations in EconPapers (970) Track citations by RSS feed

Downloads: (external link)
http://links.jstor.org/sici?sici=0883-7252%2819961 ... 0.CO%3B2-I&origin=bc full text (application/pdf)
http://qed.econ.queensu.ca:80/jae/1996-v11.6/ Supporting data files and programs (text/html)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

Related works:
Working Paper: Econometric Methods for Fractional Response Variables with an Application to 401(k) Plan Participation Rates (1993) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jae:japmet:v:11:y:1996:i:6:p:619-32

Ordering information: This journal article can be ordered from
http://www3.intersci ... e.jsp?issn=0883-7252

Access Statistics for this article

Journal of Applied Econometrics is currently edited by M. Hashem Pesaran

More articles in Journal of Applied Econometrics from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley-Blackwell Digital Licensing ().

 
Page updated 2019-11-10
Handle: RePEc:jae:japmet:v:11:y:1996:i:6:p:619-32