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A note on sufficiency in binary panel models

Accepted version
Peer-reviewed

Type

Article

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Authors

Magnac, T 

Abstract

© 2017 Royal Economic Society. Consider estimating the slope coefficients of a fixed-effect binary-choice model from two-period panel data. Two approaches to semiparametric estimation at the regular parametric rate have been proposed: one is based on a sufficiency requirement, and the other is based on a conditional-median restriction. We show that, under standard assumptions, both conditions are equivalent.

Description

Keywords

Binary choice, Fixed effects, Panel data, Regular estimation, Sufficiency

Journal Title

Econometrics Journal

Conference Name

Journal ISSN

1368-4221
1368-423X

Volume Title

20

Publisher

Oxford University Press (OUP)
Sponsorship
European Research Council (715787)