The prediction approach proposed by Dearden, Machin and Reed (DMR) consists in (1) regressing the observed incomes of the child and parent families on separate sets of predetermined variables, and (2) regressing the child’s predicted income on that of the parents. Conceptually, this estimator...

Government statistical agencies often apply statistical disclosure limitation techniques to survey microdata to protect the confidentiality of respondents. There is a need for valid and practical ways to assess the protection provided. This paper develops some simple methods for disclosure...

An accuracy indicator is an observed variable which is related to the size of measurement error. Basic and extended models are introduced to represent the properties of a binary accuracy indicator. Under specified assumptions, it is shown that an accuracy indicator can identify a measurement...

This paper proposes an approach to estimating the relation between risk (conditional variance) and expected returns in the aggregate stock market that allows us to escape some of the limitations of existing empirical analyses. First, we focus on a nonparametric volatility measure that is void of...