Heterogeneity in ordered choice models: A review with applications to self-assessed health
dc.contributor.author | Greene, W. | |
dc.contributor.author | Harris, Mark | |
dc.contributor.author | Hollingsworth, B. | |
dc.contributor.author | Weterings, T. | |
dc.date.accessioned | 2017-01-30T14:38:56Z | |
dc.date.available | 2017-01-30T14:38:56Z | |
dc.date.created | 2012-05-03T20:00:53Z | |
dc.date.issued | 2012 | |
dc.identifier.citation | Greene, William and Harris, Mark N. and Hollingsworth, Bruce and Weterings, Timothy A. 2012. Heterogeneity in ordered choice models: A review with applications to self-assessed health, Centre for Research in Applied Economics Working Paper Series: no. 05052012, Curtin University, School of Economics and Finance. | |
dc.identifier.uri | http://hdl.handle.net/20.500.11937/40029 | |
dc.description.abstract |
Discrete variables that have an inherent sense of ordering across outcomes are commonly found in large datasets available to many economists, and are often the focus of research. However, assumptions underlying the standard Ordered Probit (which is usually used to analyse such variables) are not always justied by the data. This study provides a review of the ways in which the Ordered Probit might be extended to account for additional heterogeneity. Diering from other reviews in scope, application and relevance in economic settings, a series of issues pertaining to choices of variables, and the economic assumptions underlying each model are discussed in the context of measuring the underlying health of respondents. The models are applied to a wave of the Household, Income and Labour Dynamics in Australia survey, in order to check the appropriateness of such assumptions in an applied context. | |
dc.publisher | Centre for Research in Applied Economics, Curtin Business School | |
dc.subject | Self-Assessed Health | |
dc.subject | HOPIT model | |
dc.subject | Maximum Likelihood | |
dc.subject | Ordered Choice Modelling | |
dc.subject | Incorporating Heterogeneity | |
dc.title | Heterogeneity in ordered choice models: A review with applications to self-assessed health | |
dc.type | Working Paper | |
dcterms.source.volume | 05052012 | |
dcterms.source.series | Centre for Research in Applied Economics Working Paper Series | |
curtin.department | School of Economics and Finance | |
curtin.accessStatus | Open access |