A dataset containing socio-economic characteristics as well as a labor
force participation dummy for 753 married women from the panel study
of income dynamics.

datasets

Highly efficient Bayesian implementations of probit, logit, multinomial logit and binomial logit models. Functions for plotting and tabulating the estimation output are available as well. Estimation is based on Gibbs sampling where the Markov chain Monte Carlo algorithms are based on the latent variable representations and boosting algorithms outlined in Fr<fc>hwirth-Schnatter S., Zens G., Wagner H. (2020) <arXiv:2011.06898>. The underlying implementation is written in C++.

Gregor Zens

Efficient Bayesian Models for Binary and Categorical Data

Sylvia Fr<fc>hwirth-Schnatter

Helga Wagner

Daniel F. Schmidt

Enes Makalic

lfp function

A data frame with 753 rows and 9 variables:<dl class="dl-horizontal">
 <dt>lfp</dt><dd>binary indicator for participating in the labor force (=1) or not (=0)</dd>
 <dt>intercept</dt><dd>intercept</dd>
 <dt>k5</dt><dd>number of children 5 years old or younger</dd>
 <dt>k618</dt><dd>number of children 6 to 18 years old</dd>
 <dt>age</dt><dd>in years</dd>
 <dt>wc</dt><dd>wife went to college dummy</dd>
 <dt>hc</dt><dd>husband went to college dummy</dd>
 <dt>lwg</dt><dd>log expected wage rate; for women in the labor force, the actual wage rate; for women not in the labor force, an imputed value based on the regression of <code>lwg</code> on the other variables</dd>
 <dt>inc</dt><dd>family income exclusive of wife's income</dd>
</dl>

Format

Female labor force participation data. — lfp

A data frame with 753 rows and 9 variables:<dl class='dl-horizontal'>
 <dt>lfp</dt><dd>binary indicator for participating in the labor force (=1) or not (=0)</dd>
 <dt>intercept</dt><dd>intercept</dd>
 <dt>k5</dt><dd>number of children 5 years old or younger</dd>
 <dt>k618</dt><dd>number of children 6 to 18 years old</dd>
 <dt>age</dt><dd>in years</dd>
 <dt>wc</dt><dd>wife went to college dummy</dd>
 <dt>hc</dt><dd>husband went to college dummy</dd>
 <dt>lwg</dt><dd>log expected wage rate; for women in the labor force, the actual wage rate; for women not in the labor force, an imputed value based on the regression of <code>lwg</code> on the other variables</dd>
 <dt>inc</dt><dd>family income exclusive of wife's income</dd>
</dl>

lfp: Female labor force participation data.

Description

Usage

Arguments

Format