Showing 1 - 10 of 387
Because of limitations in survey-based measures of household consumption, a growing literature uses an alternative measure of consumer expenditures commonly referred to as "imputed consumption." This approach typically utilizes annual snapshots of household income and wealth from administrative...
Persistent link: https://www.econbiz.de/10012480729
We provide a new and superior measure of U.S. GDP, obtained by applying optimal signal-extraction techniques to the (noisy) expenditure-side and income-side estimates. Its properties - particularly as regards serial correlation - differ markedly from those of the standard expenditure-side...
Persistent link: https://www.econbiz.de/10012459708
Test-based accountability including value-added assessments and experimental and quasi-experimental research in education rely on achievement tests to measure student skills and knowledge. Yet we know little regarding important properties of these tests, an important example being the extent of...
Persistent link: https://www.econbiz.de/10012460650
measurement error in investment equations. Our experiments show that individual-fixed effects, error heteroscedasticity, and data …
Persistent link: https://www.econbiz.de/10012462700
Conventional estimates of the impact of taxes on investment may be seriously biased by measurement error in the cost of capital. The existence and size of such error, however, has not been documented. Using panel data on different types of capital equipment, this paper provides direct evidence...
Persistent link: https://www.econbiz.de/10012471217
recent IV estimates, relying on natural experiments' to identify the payoff to schooling. First, respondents tend to self … magnitude of the bias depends upon the nature of the measurement error in the region of educational attainment affected by the …
Persistent link: https://www.econbiz.de/10012471555
Field experiments rely heavily on self-reported data, but subjects may misreport behaviors, especially sensitive ones …
Persistent link: https://www.econbiz.de/10012457221
We propose a first order bias correction term for the Gini index to reduce the bias due to grouping. The first order … reveals an intuitive formula for the remaining second order bias which is useful in empirical analyses. We analyze the … it reduces a considerable share of the bias due to grouping. …
Persistent link: https://www.econbiz.de/10010325812
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/10012471248
We propose a first order bias correction term for the Gini index to reduce the bias due to grouping. The first order … reveals an intuitive formula for the remaining second order bias which is useful in empirical analyses. We analyze the … it reduces a considerable share of the bias due to grouping …
Persistent link: https://www.econbiz.de/10012722922