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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 …
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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...
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