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Almost unbiased estimation in simultaneous equations models with strong and/or weak instruments
Iglesias, Emma M.; Phillips, Garry D. A. - 2011 - This version: August 2011
We propose two simple bias reduction procedures that apply to estimators in a general static simultaneous equation model and which are valid under reatively weak distributional assumptions for the errors. Standard jackknife estimators, as applied to 2SLS, may not reduce the bias of the exogenous...
Persistent link: https://www.econbiz.de/10009260061
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How many consumers are rational?
Hoderlein, Stefan - 2009
Rationality places strong restrictions on individual consumer behavior. This paper is concerned with assessing the validity of the integrability constraints imposed by standard utility maximization, arising in classical consumer demand analysis. More specifically, we characterize the testable...
Persistent link: https://www.econbiz.de/10003908559
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Estimation and inference in large heterogenous panels with cross section dependence
Pesaran, M. Hashem - 2003
This paper presents a new approach to estimation and inference in panel data models with unobserved common factors possibly correlated with exogenously given individual-specific regressors and/or the observed common effects. The basic idea behind the proposed estimation procedure is to filter...
Persistent link: https://www.econbiz.de/10011505911
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Quantile regression with generated regressors
Chen, Liqiong; Galvão Júnior, Antônio Fialho; Song, … - In: Econometrics : open access journal 9 (2021) 2, pp. 1-35
Family Expenditure Survey. We document strong heterogeneity in the estimated Engel curves along the conditional distribution …
Persistent link: https://www.econbiz.de/10012504016
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Heterogeneity and asymmetry in cross-section gravity models of aggregate migration
Peeters, Ludo - 2010
factors have been included to account for potentially correlated heterogeneity in the bilateral dimension that is … unobserved heterogeneity in all three dimensions results in appreciably lower magnitudes of all coefficients (except the one on …
Persistent link: https://www.econbiz.de/10012608069
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Commuters' preferences for fast and reliable travel
Koster, Paul; Koster, Hans - 2013
Persistent link: https://www.econbiz.de/10010191398
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Sample selection models without exclusion restrictions : parameter heterogeneity and partial identification
Honoré, Bo E.; Hu, Luojia - 2022
exclusion restrictions. We extend the analysis in Honor'e and Hu (2020) by allowing for parameter heterogeneity and derive …
Persistent link: https://www.econbiz.de/10013332258
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Unobservable, but unimportant? : the influence of personality traits (and other usually unobserved variables) for the estimation of treatment effects ; conference paper
Caliendo, Marco; Mahlstedt, Robert; Mitnik, Oscar A. - 2014 - Preliminary version, this draft: February 28, 2014
A large and highly used number of treatment effects estimators rely on the unconfoundedness assumption ("selection on observables") which is fundamentally non testable. When evaluating the effects of labor market policies, researchers need to observe both variables that affect treatment...
Persistent link: https://www.econbiz.de/10010487253
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Commuters' preferences for fast and reliable travel
Koster, Paul R.; Koster, Hans - 2013
observed and unobserved heterogeneity in the value of travel time and reliability. Using data from a stated choice experiment …, we show that there is substantial heterogeneity in the willingness to pay for fast and reliable travel. About 5 …-25 percent of the heterogeneity in the value of time and reliability is attributable to observed characteristics of individuals …
Persistent link: https://www.econbiz.de/10011532468
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Testing for Money Illusion Hypothesis in Aggregate Consumption Function : Mixed Data Sampling Approach
Motegi, Kaiji - 2015
Testing for the money illusion hypothesis in aggregate consumption function generally involves a regression model that projects real consumption onto nominal disposable income and a consumer price index. Price data are usually available at a monthly level, but consumption and income data are...
Persistent link: https://www.econbiz.de/10013013202