Quasi Maximum Likelihood Estimation of Multivariate Probit Models: Farm Couples' Labor Participation

Ayal Kimhi

American Journal of Agricultural Economics, 1994, vol. 76, issue 4, 828-835

Abstract: Joint estimation of farmers' farm and off-farm work participation requires a multivariate probit model, in which the number of equations is twice the number of household members. Where there are more than two such equations, I suggest a quasi maximum likelihood method which requires only two levels of numerical integration. The method maximizes the use of sample information given this numerical feasibility condition. It is used for estimating a joint participation model of farm couples' farm and off-farm work. The model yields conclusions about comparative advantages of men and women in farm, off-farm, and housework, which cannot be obtained with a more limited setup.

Date: 1994
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