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We propose a general method of moments technique to identify measurement error in self-reported and transcript …, because the measurement error in educational attainment is non-classical, IV estimates also tend to be biased, although the … magnitude of the bias depends upon the nature of the measurement error in the region of educational attainment affected by the …
Persistent link: https://www.econbiz.de/10012471555
In this paper we investigate the incidence of measurement errors in two independent estimates of long-term price change …, within the framework of "multiple indicators" models of price measurement. We develop estimates of the measurement … importance of the problem posed by quality change for price and productivity measurement. Less than half of quality change, which …
Persistent link: https://www.econbiz.de/10012477071
measurement error in investment equations. Our experiments show that individual-fixed effects, error heteroscedasticity, and data … measurement error under circumstances empirical researchers are likely to find in practice …
Persistent link: https://www.econbiz.de/10012462700
We provide a new and superior measure of U.S. GDP, obtained by applying optimal signal-extraction techniques to the (noisy) expenditure-side and income-side estimates. Its properties - particularly as regards serial correlation - differ markedly from those of the standard expenditure-side...
Persistent link: https://www.econbiz.de/10012459708
This chapter synthesizes and critically reviews the modern instrumental variables (IV) literature that allows for unobserved heterogeneity in treatment effects (UHTE). We start by discussing why UHTE is often an essential aspect of IV applications in economics and we explain the conceptual...
Persistent link: https://www.econbiz.de/10015072869
technique that uses intensive qualitative work to assess survey measurement error. Subjects were assigned to receive cash …
Persistent link: https://www.econbiz.de/10012457221
Purchasing power parity exchange rates, or PPPs, are price indexes that summarize prices in each country relative to a numeraire country, typically the United States. These numbers are used to compare living standards across countries, by academics in studies of economic growth, particularly...
Persistent link: https://www.econbiz.de/10012458422
with a given test score in a given grade. We show that measurement error in test scores causes this approach to … grows rapidly in the early school years, particularly in reading, after correction for measurement error, the education …
Persistent link: https://www.econbiz.de/10012459419
of these tests, an important example being the extent of test measurement error and its implications for educational …We show there is a credible, low-cost approach for estimating the total test measurement error that can be applied when … between tests as well as variation in the degree of measurement error across tests. The approach maintains relatively …
Persistent link: https://www.econbiz.de/10012460650
The latest World Bank estimates of real GDP per capita for China are significantly lower than previous ones. We review possible sources of this puzzle and conclude that it reflects a combination of factors, including substitution bias in consumption, reliance on urban prices which we estimate...
Persistent link: https://www.econbiz.de/10012460928