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Bootstrap Tests for the Effect of a Treatment on the Distribution of an Outcome Variable
Abadie, Alberto - 2021
This paper considers the problem of assessing the distributional consequences of a treatment on some outcome variable of interest when treatment intake is (possibly) non-randomized but there is a binary instrument available for the researcher. Such scenario is common in observational studies and...
Persistent link: https://www.econbiz.de/10013238969
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An Evaluation of Bias in Three Measures of Teacher Quality : Value-Added, Classroom Observations, and Student Surveys
Bacher-Hicks, Andrew - 2017
There are three primary measures of teaching performance: student test-based measures (i.e., value added), classroom observations, and student surveys. Although all three types of measures could be biased by unmeasured traits of the students in teachers' classrooms, prior research has largely...
Persistent link: https://www.econbiz.de/10012954918
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Accounting for Adaptation in the Economics of Happiness
Kimball, Miles S. - 2015
Reported happiness provides a potentially useful way to evaluate unpriced goods and events; but measures of subjective well-being (SWB) often revert to the mean after responding to events, and this hedonic adaptation creates challenges for interpretation. Previous work tends to estimate...
Persistent link: https://www.econbiz.de/10013019116
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Measuring Real Consumption and CPI Bias Under Lockdown Conditions
Diewert, Erwin - 2020
, Eurostat and the UN is shown to result in downward bias in the CPI and upward bias in real consumption. We conclude that the …
Persistent link: https://www.econbiz.de/10012833756
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How Large is the Bias is Self-Reported Disability?
Benitez-Silva, Hugo; Buchinsky, Moshe; Rust, John P.; … - 2021
A pervasive concern with the use of self-reported health and disability measures in behavioral models is that they are biased and endogenous. A commonly suggested explanation is that survey respondents exaggerate the severity of health problems and incidence of disabilities in order to...
Persistent link: https://www.econbiz.de/10013218308
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Financial Risk Measurement for Financial Risk Management
Andersen, Torben G. - 2012
Current practice largely follows restrictive approaches to market risk measurement, such as historical simulation or … cross-fertilize the academic and practitioner communities, promoting improved market risk measurement technologies that draw …
Persistent link: https://www.econbiz.de/10013106309
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Measuring Margin
McDonald, Robert L. - 2013
Policy makers and market participants alike wish to understand the amount, economic significance, and concentration of derivatives trading activity. This paper suggests that systematic measuring and reporting of margin by market participants, disaggregated by asset class, would provide more...
Persistent link: https://www.econbiz.de/10013088391
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Measuring Uncertainty
Jurado, Kyle - 2013
This paper exploits a data rich environment to provide direct econometric estimates of time-varying macroeconomic uncertainty, defined as the common volatility in the unforecastable component of a large number of economic indicators. Our estimates display significant independent variations from...
Persistent link: https://www.econbiz.de/10013075857
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Estimating Derivatives in Nonseparable Models with Limited Dependent Variables
Altonji, Joseph G. - 2010
censored population. We then correct the derivative for the effects of the selection bias. We propose nonparametric and … semiparametric estimators for the derivative. As extensions, we discuss the cases of discrete regressors, measurement error in …
Persistent link: https://www.econbiz.de/10012758600
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Exclusion Bias in the Estimation of Peer Effects
Caeyers, Bet - 2016
We examine a largely unexplored source of downward bias in peer effect estimation, namely, exclusion bias. We derive … formulas for the magnitude of the bias in tests of random peer assignment, and for the combined reflection and exclusion bias … consistent inference on peer effects without instruments. The method corrects for the presence of reflection and exclusion bias …
Persistent link: https://www.econbiz.de/10012984116