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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
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
A central problem in applied empirical work is to separate out the patterns in the data that are due to poor production of the data, such as e.g. non-response and measurement errors, from the patterns attributable to the economic phenomena studied. This paper interprets this inference problem as...
Persistent link: https://www.econbiz.de/10013249584
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
This paper uses newly available Chinese micro data to estimate the return to college education for late 20th century China when allowing for heterogeneous returns among individuals selecting into schooling based on these differences. We use recently developed semiparametric methods to identify...
Persistent link: https://www.econbiz.de/10013221843
CPS makes no effort to follow movers, these panels exhibit significant attrition, which may lead to bias in longitudinal … sampling frame and design as the CPS, but makes substantial efforts to follow individuals that move, we use the SIPP to … construct 'data-based' rather than 'model-based' corrections for bias from selective attrition. The approach is applied to a …
Persistent link: https://www.econbiz.de/10013243925
Some empirical results are more likely to be published than others. Such selective publication leads to biased estimates and distorted inference. This paper proposes two approaches for identifying the conditional probability of publication as a function of a study's results, the first based on...
Persistent link: https://www.econbiz.de/10012959370
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
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
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