A note on sufficiency in binary panel models |
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| Authors: | Koen Jochmans Thierry Magnac |
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| Affiliation: | 1. Sciences Po, Department of Economics, France;2. Toulouse School of Economics, Université de Toulouse, France |
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| Abstract: | Consider estimating the slope coefficients of a fixed‐effect binary‐choice model from two‐period panel data. Two approaches to semiparametric estimation at the regular parametric rate have been proposed: one is based on a sufficiency requirement, and the other is based on a conditional‐median restriction. We show that, under standard assumptions, both conditions are equivalent. |
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| Keywords: | Binary choice Fixed effects Panel data Regular estimation Sufficiency |
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