Question: Greene (2003 p. 768) remarks that the ML estimates bj of the regression coefficients in a censored-regression model are often approximately equal to the OLS
Greene (2003 p. 768) remarks that the ML estimates βbj of the regression coefficients in a censored-regression model are often approximately equal to the OLS estimates Bj divided by the proportion P of uncensored observations; that is, βbj » Bj=P. Does this pattern hold for the hours-worked regression in Table 20.7 (page 639), where P ¼ :69?
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