Dear statalist:
I want to write a joint maximum likelihood estimation(JMLE) for wage and unemployment rate,but I don't know how to do it .I have found a similar paper,but it didn't provide original code and math equations.The paper is:Wage employment, earnings and returns to schooling for men and women in Turkey(Economics of Education Review Volume 13, Issue 4, 1994, Pages 305-320)
And my equations are:
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could you tell me how to do it,I'm looking forward to your help,Thanks!
Zhang Bing
Southwestern University of Finance and Economics