Ronan Conroy wrote:
>>Then this sounds like a two-stage model. The first model predicts
whether the family saves or not, the second predicts how much they
save, conditional on their saving at all. I would be wary of
predicting everything in a single model - the determinants of how much
may not be the same as the determinants of whether.<<
My thoughts exactly!
And to echo Maarten's point, -zinb- may be a good option. It lets you do the kind of two stage estimation you probably need. Yes it's for counts but if you have continuous numbers, you probably won't hurt anything to round to integers, assuming that -zinb- checks for that. If that's offensive to you, it should be possible to create a ZI model in -gllamm-.
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