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Zelig (version 3.5.1)

tobin: Tobin's Tobit Data

Description

Economists fit a parametric censored data model called the `tobit'. These data are from Tobin's original paper.

Usage

data(tobin)

Arguments

format

A data frame with 20 observations on the following 3 variables.

durable: Durable goods purchase

age: Age in years

quant: Liquidity ratio (x 1000)

source

J. Tobin, Estimation of relationships for limited dependent variables, Econometrica, v26, 24-36, 1958.