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Empiricism in the sciences allows us to test theories, formulate optimal policies, and learn how the world works. In this manner, it is critical that our empirical work provides accurate conclusions about underlying data patterns. False positives represent an especially important problem, as...
Persistent link: https://www.econbiz.de/10012456797
relatives. We show that the cross sectional variance of asset returns affects the magnitude of bias in the average return … estimate for that period, while reducing the bias for the surrounding periods. It is not easy to use an approximation method to … correct the bias problem. We suggest a maximum-likelihood alternative to the RSR that directly estimates index returns that …
Persistent link: https://www.econbiz.de/10012470527
') bias in the estimates and, after due account is taken of this bias, we find that differences due to estimation method are …
Persistent link: https://www.econbiz.de/10012471319
The aim of this note is to interpret estimation of the conventional treatment-effect selection-bias model in …
Persistent link: https://www.econbiz.de/10012473295
We examine evidence on omitted-ability bias in estimates of the economic return to schooling, using proxies for …
Persistent link: https://www.econbiz.de/10012474703
In this paper, I present a simple characterization of the sample selection bias problem that is also applicable to the … problem of sample selection bias is fit within the conventional specification error framework of Griliches and Theil. A simple … estimator is discussed that enables analysts to utilize ordinary regression methods to estimate models free of selection bias …
Persistent link: https://www.econbiz.de/10012478957
Non-random assignment of students to teachers can bias value added estimates of teachers' causal effects. Rothstein … to important bias but other feasible specifications are nearly free of bias. I also consider the case where assignments … the bias depending on the amount of information available for use in classroom assignments …
Persistent link: https://www.econbiz.de/10012463981
censored population. We then correct the derivative for the effects of the selection bias. We propose nonparametric and …
Persistent link: https://www.econbiz.de/10012464486
CPS makes no effort to follow movers, these panels exhibit significant attrition, which may lead to bias in longitudinal … construct 'data-based' rather than 'model-based' corrections for bias from selective attrition. The approach is applied to a … statistically insignificant evidence of attrition bias. In contrast, the longitudinal analysis of the marriage premium for males …
Persistent link: https://www.econbiz.de/10012470052
and show they behave well in realistic scenarios, correcting the large bias problem of the full sample estimator. We use …
Persistent link: https://www.econbiz.de/10012458921