Kleinjans, Kristin J.; van Soest, Arthur - Institute for the Study of Labor (IZA) - 2010
data from the US Health and Retirement Study. We explicitly account for nonresponse, rounding, and focal point “50 percent … by rounding. We also find observed and unobserved heterogeneity in the tendencies to report rounded values or a focal … answer, explaining persistency in 50 percent-answers over time. Incorporating rounding and focal answers changes some of the …