Publication type
Understanding Society Working Paper Series
Series Number
2015-02
Series
Understanding Society Working Paper Series
Authors
Publication date
May 20, 2015
Abstract:
This article describes a new Stata command, bicop, for
fitting a model consisting of a pair of ordinal regressions with a flexible
residual distribution, with each marginal distribution specified as a two-part
normal mixture, and stochastic dependence governed by a choice of copula
functions. The bicop command generalizes the existing biprobit and bioprobit
commands which assume a bivariate normal residual distribution. The command and
post estimation options are presented and explained with an illustrative
application to data on financial wellbeing from the UK Understanding Society
Panel Survey.
Subjects
Related Publications
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bicop: a command for fitting bivariate ordinal regressions with residual dependence characterized by a copula function and normal mixture marginals
Monica Hernandez-Alava, Stephen Pudney,Journal Article - 20160601
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