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In this paper, I present a simple characterization of the sample selection bias problem that is also applicable to the … problem of sample selection bias is fit within the conventional specification error framework of Griliches and Theil. A simple … estimator is discussed that enables analysts to utilize ordinary regression methods to estimate models free of selection bias …
Persistent link: https://www.econbiz.de/10013222664
first characterize the biases in both network statistics and estimates of network effects under non-random sampling … theoretically and numerically. Sampled network data systematically bias the properties of observed networks and suffer from non …-classical measurement-error problems when applied as regressors. Apart from the sampling rate and the elicitation procedure, these biases …
Persistent link: https://www.econbiz.de/10012907751
We examine the Cochrane and Piazzesi (2005, 2008) model in several out-of-sample analyzes. The model's one-factor forecasting structure characterizes the term structures of additional currencies in samples ending in 2003. In post-2003 data one-factor structures again characterize each currency's...
Persistent link: https://www.econbiz.de/10012910309
Asset pricing models such as the conditional CAPM are typically estimated with MLE using a monthly or quarterly horizon with data sampled to match the horizon even though daily data are available. We develop an overlapping data inference methodology (ODIN) that uses all of the data while...
Persistent link: https://www.econbiz.de/10013056866
In this paper I analyze GMM estimation when the sample is not a random draw from the population of interest. I exploit …
Persistent link: https://www.econbiz.de/10014122994
Meta-regression estimates of the value of a statistical life (VSL) controlling for publication selection bias yield … bias-corrected estimates of VSL that are higher for labor market studies using the more recent Census of Fatal Occupational … of the variable used to capture publication bias effects. Meta-regression estimates for a large sample of VSL estimates …
Persistent link: https://www.econbiz.de/10013054036
empirical results reject the hypothesis that an increase in the upward bias of the schooling coefficient, due to a change in the …
Persistent link: https://www.econbiz.de/10013248698
subject to omitted variable bias despite the inclusion of control variables. If the direction of omitted variable bias were … modest than retrospective studies suggest. Bias appears to be reduced by a differences-in-differences estimator that examines …
Persistent link: https://www.econbiz.de/10013313228
This paper documents that rotation group bias -- the tendency for labor force statistics to vary systematically by … groups; both should be nationally representative samples. The rise in rotation group bias is driven by a growing tendency for … bias. We find that rotation group bias increased discretely after the 1994 CPS redesign and that rising nonresponse is …
Persistent link: https://www.econbiz.de/10013048612
reflects the impact of the industrialization process. This interpretation, however, relies on sources subject to selection bias … correcting for) selection bias. The diagnostic applied to four samples that underlay the industrialization puzzle shows …
Persistent link: https://www.econbiz.de/10013021467