AER (version 1.2-2)

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

Details

PSID1982 is the cross-section for the year 1982 taken from a larger panel data set PSID7682 for the years 1976--1982, originating from Cornwell and Rupert (1988). Baltagi (2002) just uses the 1982 cross-section; hence PSID1982 is available as a standalone data set because it was included in AER prior to the availability of the full PSID7682 panel version.

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

PSID7682, Baltagi2002

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.