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Table 2 Parameter estimates for the BG models (with beta and GB1 marginals) fitted to the variables education & income by maximum likelihood (standard errors in parenthesis)

From: Bivariate beta-generated distributions with applications to well-being data

 Variables: education & income

Year

BG model with beta marginals

BG model with GB1 marginals

p ̂ 1

p ̂ 2

q ̂

p ̂ 1

p ̂ 2

q ̂

â 1

â 2

1980

2.2431

3.3973

2.8809

2.1813

16.6110

2.6533

0.9603

0.2195

 

(0.2008)

(0.3063)

(0.2591)

(0.5790)

(13.5230)

(0.2743)

(0.2243)

(0.1715)

1985

2.8775

3.7222

3.1934

4.3394

10.2173

2.7715

0.6321

0.3586

 

(0.2572)

(0.3338)

(0.2858)

(1.4677)

(5.6252)

(0.2881)

(0.1955)

(0.1857)

1990

3.1691

3.6855

3.0715

6.4501

7.6217

2.6157

0.4702

0.4541

 

(0.2834)

(0.3302)

(0.2746)

(2.7530)

(3.5058)

(0.2725)

(0.1880)

(0.1960)

1995

3.3196

3.3074

2.7070

6.3618

6.2069

2.3322

0.4907

0.4965

 

(0.2978)

(0.2967)

(0.2421)

(2.4599)

(2.2291)

(0.2418)

(0.1818)

(0.1698)

2000

3.4652

3.0623

2.3826

5.8748

5.8042

2.0680

0.5420

0.4885

 

(0.3119)

(0.2751)

(0.2131)

(2.2960)

(2.0882)

(0.2139)

(0.2052)

(0.1691)

2005

3.6366

2.8670

2.0777

7.2438

3.4311

1.8787

0.4773

0.7694

 

(0.3285)

(0.2580)

(0.1858)

(3.2031)

(0.8872)

(0.1918)

(0.2070)

(0.1937)

2010

3.7596

2.7789

1.8944

3.4581

4.0863

1.8134

1.0309

0.6702

 

(0.3406)

(0.2505)

(0.1693)

(1.0479)

(1.1725)

(0.1835)

(0.3034)

(0.1870)