Showing 1 - 10 of 128
The purpose of the paper is to measure the potential bias in the U.S. import price index due to the appearance of new … product varieties, or new foreign suppliers, and determine the effect of this bias on the estimated income elasticity of … share of import expenditure on the sampled products is falling over time, this will lead to an upward bias in the measured …
Persistent link: https://www.econbiz.de/10012474074
Large literatures have analyzed racial and ethnic disparities in economic outcomes and access to the safety net. For such analyses that rely on survey data, it is crucial that survey accuracy does not vary by race and ethnicity. Otherwise, the observed disparities may be confounded by...
Persistent link: https://www.econbiz.de/10015056187
Our two related goals in this paper are the following: Firstly and mainly, we want to examine the effects of major changes in modelling strategy and econometric methodology, over the past twenty years, on estimation of firm-level investment equations using panel data. Secondly, we try to assess...
Persistent link: https://www.econbiz.de/10012471345
This paper extends my research applying statistical decision theory to treatment choice with sample data, using maximum … in indirect ways, the former applying classical statistical theory and the latter measuring prediction accuracy in test … samples. Neither approach is satisfactory. Statistical decision theory provides a coherent, generally applicable methodology …
Persistent link: https://www.econbiz.de/10012660036
Hansen (2018)---reduces bias because wealth and rates of return are correlated. From 1989 to 2016, the top 1%, 0.1%, and 0 …
Persistent link: https://www.econbiz.de/10012660052
A large body of evidence finds that relative mobility in the US has declined over the past 150 years. However, long-run mobility estimates are usually based on white samples and therefore do not account for the limited opportunities available for non-white families. Moreover, historical data...
Persistent link: https://www.econbiz.de/10012629476
This paper explores whether Big Data, taking the form of extensive high dimensional records, can reduce the cost of adverse selection by private service providers in government-run capitation schemes, such as Medicare Advantage. We argue that using data to improve the ex ante precision of...
Persistent link: https://www.econbiz.de/10012482645
control for both sources of estimation bias, and we find 1) overall, the contribution of R&D to sales productivity growth … appears to have declined during the 1980s, and 2) the role of simultaneity bias is higher in the U.S. than in France, possibly …
Persistent link: https://www.econbiz.de/10012473358
A sleepy consensus has emerged that U.S. GNP data are uninformative as to whether trend is better described as deterministic or stochastic. Although the distinction is not critical in some contexts, it is important for point forecasting, because the two models imply very different long-run...
Persistent link: https://www.econbiz.de/10012473378
This paper provides asymptotic confidence intervals for the largest autoregressive root of a time series when this root is close to one. The intervals are readily constructed either graphically or using tables in the Appendix. When applied to the Nelson-Plosser (1982) data set, the main...
Persistent link: https://www.econbiz.de/10012475315