I am in the process of trying to run a Bivariate Random Effects Probit (Plum, 2016) to analyse the probability of married couples retiring based on Australian superannuation.
I am curious as how marginal effects should be calculated.
Our estimation code is:
Code:
/. bireprob retired_1 age /// > (retired_2 age_2)
Code:
margins, dydx(age age_2) Average marginal effects Number of obs = 2,836 Model VCE : OIM Expression : Linear prediction, predict() dy/dx w.r.t. : age age_2 ------------------------------------------------------------------------------ | Delta-method | dy/dx Std. Err. z P>|z| [95% Conf. Interval] -------------+---------------------------------------------------------------- age | .1838857 .0119246 15.42 0.000 .160514 .2072574 age_2 | 0 (omitted) ------------------------------------------------------------------------------
The fact that age_2 is omitted seems that either the STATA command margins doesn't account for the nature of the estimation, or I am making a mess of it.
Any thoughts would be appreciated.
refs
https://ideas.repec.org/a/tsj/stataj...i1p96-111.html
edit*
Unfortunately, due to the confidentiality requirements we can't link the data for replication, but it is sourced from HILDA ( Household, Income and Labour Dynamics in Australia, https://melbourneinstitute.unimelb.edu.au/hilda).
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