A note on Heckman-type corrections in models for zero expenditures

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In Heien and Wessells (1990), a two-step estimation procedure, that makes use of Heckman-type corrections, is proposed to estimate consumption on household budget surveys. It is shown that this approach, which draws from switching regressions models, leads to inconsistent estimates.

Document Type: Research Article

DOI: http://dx.doi.org/10.1080/00036840010004004

Publication date: July 20, 2001

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