Hello,
I am trying to replicate Verbeek's schooling example (Ch. 5.3). He does
an IV estimation for a wage equation (p. 150, table 5.3) with 7
regressors (incl. the constant) but instruments only 3 variables and
hence only uses three instruments.
In stata one can associate instruments to specific variables like:
ivreg lwage76 (ed76 exp76 exp762 = age76 age762 nearc4) black smsa76 south76
where only "ed76 exp76 exp762" are "instrumented".
Is this possible in gretl? I did not find any hints...
Cheers,
Artur