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Production Function Estimation and Capital Measurement Error

Collard-Wexler, Allan - 2016

We look into the impact of measurement error in capital on the estimation of production functions. We introduce an … identification scheme and an estimation procedure that jointly deals with measurement error in capital and the standard simultaneity … stock, while conditioning on the part of productivity that is persistent. Our estimation routine nests standard approaches …

Persistent link: https://www.econbiz.de/10012986295

Sample Selection Bias as a Specification Error (with an Application to the Estimation of Labor Supply Functions)

Heckman, James J. - 2021

In this paper, I present a simple characterization of the sample selection bias problem that is also applicable to the conceptually distinct econometric problems that arise from truncated samples and from models with limited dependent variables. The problem of sample selection bias is fit within...

Persistent link: https://www.econbiz.de/10013222664

Robust Line Estimation with Errors in Both Variables

Brown, Michael L. - 2021

examined. Least-absolute residuals estimation in EV is cited as an alternative candidate …

Persistent link: https://www.econbiz.de/10013237292

How Much Should We Trust Differences-in-Differences Estimates?

Bertrand, Marianne; Duflo, Esther; Mullainathan, Sendhil - 2021

especially troubling because the independent variable of interest in DD estimation (e.g., the passage of law) is itself very … biased: with about 20 years of data, DD estimation finds an 'effect' significant at the 5% level of up to 45% of the placebo …

Persistent link: https://www.econbiz.de/10013244880

Seasonal Adjustment with Measurement Error Present

Hausman, Jerry A.; Watson, Mark W. - 2021

known form. We first consider what effect the serially correlated measurement error has on estimation of the non …

Persistent link: https://www.econbiz.de/10013248433

A Framework for Eliciting, Incorporating, and Disciplining Identification Beliefs in Linear Models

DiTraglia, Francis J. - 2016

their beliefs, incorporate them into estimation, and ensure their mutual coherence. We conclude by illustrating the …

Persistent link: https://www.econbiz.de/10012983438

Measurement Error Mechanisms Matter : Agricultural Intensification with Farmer Misperceptions and Misreporting

Abay, Kibrom - 2020

The mechanism(s) that generate measurement error matter to inference. Survey measurement error is typically thought to represent simple misreporting correctable through improved measurement. But errors might also or alternatively reflect respondent misperceptions that materially affect the...

Persistent link: https://www.econbiz.de/10012839011

Measurement Error and the Flow of Funds Accounts : Estimates of Householdasset Demand Equations

Walsh, Carl E. - 2010

In the household sector of the Flow of Funds Accounts, the difference between net acquisition of financial assets and net financial savings is equal to a statistical discrepancy which is often quite large relative to the reported changes in asset holdings. This means that the budget restrictions...

Persistent link: https://www.econbiz.de/10012762924

Estimating Standard Errors in Finance Panel Data Sets : Comparing Approaches

Petersen, Mitchell A. - 2012

In both corporate finance and asset pricing empirical work, researchers are often confronted with panel data. In these data sets, the residuals may be correlated across firms and across time, and OLS standard errors can be biased. Historically, the two literatures have used different solutions...

Persistent link: https://www.econbiz.de/10012755688

Should Exact Index Numbers Have Standard Errors? Theory and Application to Asian Growth

Feenstra, Robert C.; Reinsdorf, Marshall B. - 2021

In this paper we derive the standard error of a price index when both prices and tastes or technology are treated as stochastic. Changing tastes or technology are a reason for the weights in the price index to be treated as stochastic, which can interact with the stochastic prices themselves. We...

Persistent link: https://www.econbiz.de/10013228273