The First-Stage in the Heckman Selection Correction Is Estimating

question 11

Multiple Choice

The first-stage in the Heckman selection correction is estimating

• A)the individual's self-selection decision and using those estimates to calculate predicted values of the self-selection decision.
• B)estimating the regression model and calculating the residuals.
• C)the individual's self-selection decision and using those estimates to calculate inverse Mill's ratios.
• D)estimating the regression model and calculating the residuals and using those estimates to calculate predicted values of the dependent variable.

---

Definitions:

U.S. Department of the Treasury

The federal department responsible for managing government revenue, producing currency, and implementing fiscal policies.

Pie Charts

Graphical representations used to illustrate the proportions of different components within a total.

Time-Series Graphs

Charts that display data points at successive intervals of time, showing trends or patterns over a period.

Bar Graphs

A visual representation of data using rectangular bars or columns (either vertical or horizontal) where each bar's length represents the magnitude of the value depicted.