Showing 1 - 10 of 24
Earnings nonresponse in the Current Population Survey is roughly 30% in the monthly surveys and 20% in the annual March … survey. Even if nonresponse is random, severe bias attaches to wage equation coefficient estimates on attributes not matched …
Persistent link: https://www.econbiz.de/10013135391
We develop and estimate a panel data model explaining the answers to questions about subjective probabilities, using data from the US Health and Retirement Study. We explicitly account for nonresponse, rounding, and focal point 50 percent answers. Our results indicate that for three of the four...
Persistent link: https://www.econbiz.de/10013136709
We propose a novel selectivity correction procedure to deal with survey attrition, at the crossroads of the "Heckit … models, we use information on the number of attempts that were made to obtain response to the survey from each individual who …
Persistent link: https://www.econbiz.de/10013099813
two independent surveys on the same initial sample of 8, 000 persons. The first one is a long telephone survey that had a … telephone survey targeted at those leaving the unemployment registers; this enriched data source has a balanced and much higher … results. Using the enriched administrative data as benchmark, we find evidence that estimates from the long telephone survey …
Persistent link: https://www.econbiz.de/10013159683
We combine a survey and an experiment with real pay-out among Peking University students to measure and validate … individual risk attitudes. The experiment involves choosing between a cash payment and playing a lottery. The survey questions … parental income, risk attitudes are domain-specific. Correlations between survey measures and experimental measures, are in the …
Persistent link: https://www.econbiz.de/10013146835
Mundlak (1978) proposed the addition of time averages to the usual panel equation in order to remove the fixed effects bias. We extend this Mundlak equation further by replacing the time-varying explanatory variables by the corresponding deviations from the averages over time, while keeping the...
Persistent link: https://www.econbiz.de/10013015010
Probit and logit models typically require a normalization on the error variance for model identification. This paper shows that in the context of sample mean probability decompositions, error variance normalizations preclude estimation of the effects of group differences in the latent variable...
Persistent link: https://www.econbiz.de/10012963841
When designing incentives for a manager, the trade-off between insurance and a "good" allocation of effort across various tasks is often identified with a trade-off between the responsiveness (sensitivity, precision, signal-noise ratio) of the performance measure and its similarity (congruity,...
Persistent link: https://www.econbiz.de/10013317592
Many firms use subjective performance appraisal systems due to lack of objective performance measures. In these cases, supervisors usually have to rate the performance of their subordinates. Using such systems, it is a well established fact that many supervisors tend to assess the employees too...
Persistent link: https://www.econbiz.de/10013324841
Persistent link: https://www.econbiz.de/10000920005