Tests of hypotheses arising in the correlated random coefficient model
By: James J. Heckman, Daniel A. Schmierer
Contributors: Schmierer, Daniel A.; National Bureau of Economic Research
Series: NBER working paper series -- working paper 16421; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 16421.
Publisher: National Bureau of Economic Research
Published: 2010
Place of publication: Cambridge, MA
Language: eng
Format: [electronic resource] /
Description: "This paper examines the correlated random coefficient model.  It extends the analysis of Swamy (1971, 1974), who pioneered the uncorrelated random coefficient model in economics.  We develop the properties of the correlated random coefficient model and derive a new representation of the variance of the instrumental variable estimator for that model.  We develop tests of the validity of the correlated random coefficient model against the null hypothesis of the uncorrelated random coefficient model"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 12/28/2010.

Includes bibliographical references.

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