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What Leads to Measurement Errors? Evidence from Reports of Program Participation in Three Surveys

Celhay, Pablo A.; Meyer, Bruce D.; Mittag, Nikolas - National Bureau of Economic Research - 2022

Measurement errors are often a large source of bias in survey data. Lack of knowledge of the determinants of such … respondent's degree of cooperation with the survey overall. We provide evidence on how survey design choices affect reporting … errors. Our findings help survey users to gauge the reliability of their data and to devise estimation strategies that can …

Persistent link: https://www.econbiz.de/10012814427

Latent Dirichlet Analysis of Categorical Survey Expectations

Munro, Evan M. - 2020

there is information in the Michigan survey responses beyond the consumer sentiment index that is officially published. The … second shows that belief types constructed from survey responses can be used in a subsequent analysis to estimate …

Persistent link: https://www.econbiz.de/10012481765

Survey Experiments on Economic Expectations

Fuster, Andreas - National Bureau of Economic Research - 2022

experiments within surveys, rather than just relying on observational survey data. We then outline the most commonly used …

Persistent link: https://www.econbiz.de/10012938719

Estimation of Multivariate Probit Models via Bivariate Probit

Mullahy, John - 2015

Models having multivariate probit and related structures arise often in applied health economics. When the outcome dimensions of such models are large, however, estimation can be challenging owing to numerical computation constraints and/or speed. This paper suggests the utility of estimating...

Persistent link: https://www.econbiz.de/10012457076

Liquidity, Institutional Quality and the Composition of International Equity Flows

Goldstein, Itay - 2010

FDI investors control the management of the firms, whereas FPI investors delegate decisions to managers. Therefore, direct investors are more informed than portfolio investors about the prospects of projects. This information enables them to manage their projects more efficiently. However, if...

Persistent link: https://www.econbiz.de/10012462924

The Measurement of Student Ability in Modern Assessment Systems

Jacob, Brian - 2016

Economists often use test scores to measure a student's performance or an adult's human capital. These scores reflect non-trivial decisions about how to measure and scale student achievement, with important implications for secondary analyses. For example, the scores computed in several major...

Persistent link: https://www.econbiz.de/10012456243

Favoritism in Organizations

Prendergast, Canice - 1993

Performance evaluations for workers are typically subjective impressions held by supervisors rather than easily quantifiable measures of output. We argue that perhaps the most important aspect this is that it gives supervisors the opportunity to exercise their personal preference towards their...

Persistent link: https://www.econbiz.de/10012474523

Commitment vs. Flexibility with Costly Verification

Halac, Marina - 2016

We introduce costly verification into a general delegation framework. A principal faces an agent who is better informed about the efficient action but biased towards higher actions. An audit verifies the agent's information, but is costly. The principal chooses a permissible action set as a...

Persistent link: https://www.econbiz.de/10012455744

Enriching a Theory of Wage and Promotion Dynamics Inside Firms

Gibbons, Robert - 2003

In previous work we showed that a model that integrates job assignment, human-capital acquisition, and learning can explain several empirical findings concerning wage and promotion dynamics inside firms. In this paper we extend that model in two ways. First, we incorporate schooling into the...

Persistent link: https://www.econbiz.de/10012468848

Behavioral Corporate Finance : The Life Cycle of a CEO Career

Guenzel, Marius - 2020

One of the fastest-growing areas of finance research is the study of managerial biases and their implications for firm outcomes. Since the mid-2000s, this strand of behavioral corporate finance has provided theoretical and empirical evidence on the influence of biases in the corporate realm,...

Persistent link: https://www.econbiz.de/10012481183