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RE: Re: st: Multiplying coefficients and standard errors in -estout- & linear probability models


From   "Stephen P. Jenkins" <stephenj@essex.ac.uk>
To   <statalist@hsphsun2.harvard.edu>
Subject   RE: Re: st: Multiplying coefficients and standard errors in -estout- & linear probability models
Date   Tue, 2 Feb 2010 09:45:25 -0000

#------------------------------
#
#Date: Mon, 1 Feb 2010 08:45:45 +0000 (GMT)
#From: Maarten buis <maartenbuis@yahoo.co.uk>
#Subject: Re: st: Multiplying coefficients and standard errors in
-estout-
#
#- --- On Mon, 1/2/10, Bert Jung wrote:
#> I am reporting coefficients from a linear probability model
#> using -estout- and -esttab-.  I would like to multiply the
#> coefficients with 100 so that readers can interpret them as
#> percentage point change.  I tried the -transform(@*100)- 
#> option in estout which works for the coefficients but 
#> struggle with the standard errors. 
#
# A linear probability model is in most disciplines considered
# as a model that has only didactic value as a starting point
# for "serious" models for binary dependent variables like 
# - -logit- and -probit-. So you probably don't want to use that
# model.

For robustly held views in favour of the linear probability model in
almost all circumstances,  have a look at /Mostly Harmless
Econometrics/, the recent book by J Angrist and S Pischke, Princeton
UP.

One may not agree with them on this (or several other things), but
they make you think ...

Stephen
-------------------------------------------------------------
Professor Stephen P. Jenkins <stephenj@essex.ac.uk>
Institute for Social and Economic Research
University of Essex, Colchester CO4 3SQ, U.K.
Tel: +44 1206 873374.  Fax: +44 1206 873151.
http://www.iser.essex.ac.uk ; 
Survival Analysis using Stata:
http://www.iser.essex.ac.uk/iser/teaching/module-ec968 
Downloadable papers and software: http://ideas.repec.org/e/pje7.html 


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