Abstract
Consider estimating the slope coefficients of a fixed-effect binary-choice model from twoperiod panel data. Two approaches to semiparametric estimation at the regular parametric rate have been proposed. One is based on a sufficiency requirement, the other is based on a conditional-median restriction. We show that, under standard assumptions, both conditions are equivalent.
Keywords
binary choice; fixed effects; panel data; regular estimation; sufficiency;
Reference
Koen Jochmans, and Thierry Magnac, “A Note on Sufficiency in Binary Panel Data Models”, The Econometrics Journal, vol. 20, n. 2, June 2017, pp. 259–269.
Published in
The Econometrics Journal, vol. 20, n. 2, June 2017, pp. 259–269