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Smoking and obesity are the two leading causes of preventable deaths in the United States. Because smoking is subject to heavy government intervention, understanding the effect of smoking on obesity is important in determining the extent of unintended costs or benefits of such intervention. The...
Persistent link: https://www.econbiz.de/10012814476
Survey non-response has risen in recent years which has increased the share of imputed and underreported values found on commonly used datasets. While this trend has been well-documented for earnings, the growth in non-response to government transfers questions has received far less attention....
Persistent link: https://www.econbiz.de/10012457419
ignorance they may interpret the question what is the value of this variable?' as what is your best estimate of this variable …?', and provide optimal predictions of the variable of interest given their information set. In contrast to the classical …, correlated with the true value of the variable. In the context of the linear regression framework, we show that measurement error …
Persistent link: https://www.econbiz.de/10012470931
We propose a general method of moments technique to identify measurement error in self-reported and transcript-reported schooling using differences in wages, test scores, and other covariates to discern the relative verity of each measure. We also explore the implications of such reporting...
Persistent link: https://www.econbiz.de/10012471555
-mitigating strategies, such constraints may increase algorithmic discrimination when there is measurement error in the dependent variable …
Persistent link: https://www.econbiz.de/10012660091
correct for systematic errors, such as instrumental variable approaches. Understanding survey errors allows survey producers …
Persistent link: https://www.econbiz.de/10012814427
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-error variances associated with both the Producer Price...
Persistent link: https://www.econbiz.de/10012477071
Seasonal adjustment procedures attempt to estimate the sample realizations of an unobservable economic time series in the presence of both seasonal factors and irregular factors. In this paper we consider a factor which has not been considered explicitly in previous treatments of seasonal...
Persistent link: https://www.econbiz.de/10012477969
In three sets of experiments involving over 4,200 subjects, we show that agents motivated to be selfish make systematic decision errors of the kind generally attributed to cognitive limitations or behavioral biases. We show that these decision errors are eliminated (or dramatically reduced) when...
Persistent link: https://www.econbiz.de/10012480539
We use Monte Carlo simulations and real data to assess the performance of alternative methods that deal with measurement error in investment equations. Our experiments show that individual-fixed effects, error heteroscedasticity, and data skewness severely affect the performance and reliability...
Persistent link: https://www.econbiz.de/10012462700