AER (version 0.2-2)

PSID1982: PSID Earnings Data 1982

Description

Cross-section data originating from the Panel Study on Income Dynamics, 1982.

Usage

data("PSID1982")

source

The data is from Baltagi (2002) and available at

http://www.springeronline.com/sgw/cda/frontpage/0,10735,4-165-2-107420-0,00.html

References

Baltagi, B.H. (2002). Econometrics, 3rd ed. Berlin, Springer.

Cornwell, C., and Rupert, P. (1988). Efficient Estimation with Panel Data: An Empirical Comparison of Instrumental Variables Estimators. Journal of Applied Econometrics, 3, 149--155.

See Also

Baltagi2002, PSID1976

Examples

data("PSID1982")
plot(density(PSID1982$wage, bw = "SJ"))

## Baltagi (2002), Table 4.1
earn_lm <- lm(log(wage) ~ . + I(experience^2), data = PSID1982)
summary(earn_lm)

## Baltagi (2002), Table 13.1
union_lpm <- lm(I(as.numeric(union) - 1) ~ . - wage, data = PSID1982)
union_probit <- glm(union ~ . - wage, data = PSID1982, family = binomial(link = "probit"))
union_logit <- glm(union ~ . - wage, data = PSID1982, family = binomial)
## probit OK, logit and LPM rather different.