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Journal Article

Introduction - special issue of 'Empirical Economics'

Authors

Publication date

2004

Abstract

This paper considers the determinants of a binary indicator for the existence of functional limitations using seven waves (1991-1997) of the British Household Panel Survey (BHPS). The focal point of our analysis is the contributions of state dependence, heterogeneity and serial correlation in explaining the dynamics of health. To investigate these issues we apply static and dynamic panel probit models with flexible error structures. To estimate the models we use maximum simulated likelihood (MSL) with antithetic acceleration and implement a recently proposed test for the existence of asymptotic bias. The dynamic models show strong positive state dependence.

Published in

Empirical Economics

Volume

29 (1):1-4

Subjects

Statistical Analysis, Economics, and Health

Links

http://serlib0.essex.ac.uk/search/s?SEARCH=EMPIRICAL+ECONOMICS

Notes

Albert Sloman Library Periodicals *restricted to Univ. Essex registered users*

#507985


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