RECENT DEVELOPMENTS IN COUNT DATA MODELLING: THEORY AND APPLICATION
Rainer Winkelmann, Klaus Zimmermann
Abstract
Rainer Winkelmann, Klaus Zimmermann
Abstract
Abstract. This paper deals with statistical methods for modelling individual behavior when the endogenous variable is a nonnegative integer. Examples are the number of children, the number of job changes or the number of shopping trips in a given period. Several approaches—Poisson, robust Poisson, negative binomial (NEGBIN), NEGBINk, hurdle Poisson, truncated‐at‐zero Poisson—are discussed with a focus on specification, estimation, and testing. An application to labor mobility data illustrates the gain obtained by carefully taking into account the specific structure of the data.
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Abstract. This paper deals with statistical methods for modelling individual behavior when the endogenous variable is a nonnegative integer. Examples are the number of children, the number of job changes or the number of shopping trips in a given period. Several approaches—Poisson, robust Poisson, negative binomial (NEGBIN), NEGBINk, hurdle Poisson, truncated‐at‐zero Poisson—are discussed with a focus on specification, estimation, and testing. An application to labor mobility data illustrates the gain obtained by carefully taking into account the specific structure of the data.
Key concepts: Count data, Negative binomial distribution, Poisson distribution, Quasi-likelihood, Econometrics, Poisson regression, Focus (optics), Mathematics