Greene (2003 p. 768) remarks that the ML estimates β j of the regression coefficients in a censored-regression model are often approximately equal to the OLS estimates B j divided by the proportion P...


Greene (2003 p. 768) remarks that the ML estimates βj
of the regression coefficients in a censored-regression model are often approximately equal to the OLS estimates Bj
divided by the proportion P of uncensored observations; that is, βj
= Bj=P. Does this pattern hold for the hours-worked regression in Table 20.7 (page 639), where P = :69?



May 22, 2022
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