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Estimation of Models with Jointly Dependent Qualitative Variables: A Simultaneous Logit Approach
Peter Schmidt
Robert P. Strauss
Abstract
This paper considers the estimation of a simultaneous equations model in which the dependent variables are qualitative. The model is a simultaneous version of the multivariate logit model, and can be estimated by maximum likelihood. An example is presented, dealing with the prediction of occupation and industry of employment of a worker based on certain demographic variables.
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