Parametric and semi-parametric modelling of vacation expenditures (replication data)

We analyse several limited dependent variable models explaining the budget share that Dutch families spend on vacations. To take account of the substantial number of zero shares, two types of models are used. The first is the single-equation censored regression model. We estimate and test several parametric and semi-parametric extensions of the Tobit model. Second, we consider two-equation models, in which the participation decision and the decision on the amount to spend are treated separately. The first decision is modelled as a binary choice model; the second as a conditional regression. We... Mehr ...

Verfasser: Melenberg, Bertrand
Soest, Arthur van
Dokumenttyp: Datenquelle
Erscheinungsdatum: 1996
Verlag/Hrsg.: ZBW - Leibniz Informationszentrum Wirtschaft
Schlagwörter: Annual leave / Estimation theory / Netherlands / Private consumption
Sprache: Englisch
Permalink: https://search.fid-benelux.de/Record/base-29159347
Datenquelle: BASE; Originalkatalog
Powered By: BASE
Link(s) : https://doi.org/10.15456/jae.2022313.1132242425

We analyse several limited dependent variable models explaining the budget share that Dutch families spend on vacations. To take account of the substantial number of zero shares, two types of models are used. The first is the single-equation censored regression model. We estimate and test several parametric and semi-parametric extensions of the Tobit model. Second, we consider two-equation models, in which the participation decision and the decision on the amount to spend are treated separately. The first decision is modelled as a binary choice model; the second as a conditional regression. We estimate and test parametric and semi-parametric specifications.