TY - JOUR
T1 - Continuous Outcomes Stochastically Mismeasured As Discrete Random Variables
T2 - A Maximum Likelihood Approach
AU - Butler, J. S.
AU - Anderson, Kathryn H.
PY - 1984/1/1
Y1 - 1984/1/1
N2 - In an economic model of retirement behavior, a continuous dependent variable was required; the variable could only be estimated discretely with error, however. Parameter estimates using this dependent variable and ordinary least squares regression are inefficient. In this paper, we develop a maximum likelihood procedure which adjusts for this heteroscedasticity.
AB - In an economic model of retirement behavior, a continuous dependent variable was required; the variable could only be estimated discretely with error, however. Parameter estimates using this dependent variable and ordinary least squares regression are inefficient. In this paper, we develop a maximum likelihood procedure which adjusts for this heteroscedasticity.
KW - dependent variables
KW - heteroscedastic residuals
KW - maximum likelihood discretely measured
KW - retirement behavior
UR - http://www.scopus.com/inward/record.url?scp=84949163990&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84949163990&partnerID=8YFLogxK
U2 - 10.1080/03610928408828809
DO - 10.1080/03610928408828809
M3 - Article
AN - SCOPUS:84949163990
SN - 0361-0926
VL - 13
SP - 2005
EP - 2012
JO - Communications in Statistics - Theory and Methods
JF - Communications in Statistics - Theory and Methods
IS - 16
ER -