Dear All,
I would like to estimate the relationship between parents and
children's years of education:
EduChild=a+b*EduParent
I only have data for children up to 19 years old, so some of them will
go on studying, so the b coefficient will be biased (at least it will
be if I want to infer the population's beta from this subset of the
population). The dependent variable is thus "censored" for some
observations - for those I know that are still at school when they are
observed.
Is there a way to estimate some form of Tobit model in Stata, where I
can specify different censoring points for each observation and obtain
the parameter b? Is it more convenient to attempt the estimation of b
by OLS?
Thanks in advance
AC
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