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evaluating bias in VA is to test for balance in lagged values of the outcome, based on the intuition that today's inputs cannot …, tests for balance using lagged outcomes do not provide robust information about the degree of bias in value-added models for … structure even in large datasets. We conclude that bias in VA models is better evaluated using techniques that are less …
Persistent link: https://www.econbiz.de/10012456713
To estimate causal effects from observational data, an applied researcher must impose beliefs. The instrumental variables exclusion restriction, for example, represents the belief that the instrument has no direct effect on the outcome of interest. Yet beliefs about instrument validity do not...
Persistent link: https://www.econbiz.de/10012456059
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/10012478957
In this paper we show that omitted variables and publication bias lead to severely biased estimates of the value of a …
Persistent link: https://www.econbiz.de/10012468292
observations in empirical analyses. Errors in such measures may bias parameter estimation, but it remains unclear how large such … multiple imputation, a standard statistical imputation technique so far untested in this setting, effectively reduces bias and …
Persistent link: https://www.econbiz.de/10013537755
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
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
In three sets of experiments involving over 4,200 subjects, we show that agents motivated to be selfish make systematic decision errors of the kind generally attributed to cognitive limitations or behavioral biases. We show that these decision errors are eliminated (or dramatically reduced) when...
Persistent link: https://www.econbiz.de/10012480539
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
Measurement errors are often a large source of bias in survey data. Lack of knowledge of the determinants of such …
Persistent link: https://www.econbiz.de/10012814427