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2017 | OriginalPaper | Chapter

Robust Estimation of Heckman Model

Author : Elvezio Ronchetti

Published in: Robustness in Econometrics

Publisher: Springer International Publishing

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Abstract

We first review the basic ideas of robust statistics and define the main tools used to formalize the problem and to construct new robust statistical procedures. In particular we focus on the influence function, the Gâteaux derivative of a functional in direction of a point mass, which can be used both to study the local stability properties of a statistical procedure and to construct new robust procedures. In the second part we show how these principles can be used to carry out a robustness analysis in [13] model and how to construct robust versions of Heckman’s two-stage estimator. These are central tools for the statistical analysis of data based on non-random samples from a population.

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Title: Robust Estimation of Heckman Model
Author: Elvezio Ronchetti
Publisher: Springer International Publishing
Book: Robustness in Econometrics
Print ISBN: 978-3-319-50741-5

Electronic ISBN: 978-3-319-50742-2

Copyright Year: 2017
DOI: https://doi.org/10.1007/978-3-319-50742-2_1

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