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Dummy Endogenous Variables in a Simultaneous Equation System

James J. Heckman
Econometrica
Vol. 46, No. 4 (Jul., 1978), pp. 931-959
Published by: The Econometric Society
DOI: 10.2307/1909757
Stable URL: http://www.jstor.org/stable/1909757
Page Count: 29
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Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Dummy Endogenous Variables in a Simultaneous Equation System
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Abstract

This paper considers a class of simultaneous equation models with both discrete and continuous random variables based on normally distributed latent random variables. The model set forth here contains the classical simultaneous equation model for continuous endogenous variables and more recent models for discrete endogenous variables as special cases of a more general model. Conditions for the existence of the model are developed. Identification criteria are provided and consistent estimators are proposed. The model set forth here is contrasted with the models of Goodman and Nerlove and Press.

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