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This paper illustrates the effects of item-nonresponse in surveys on the results of multivariate statistical analysis when estimation of productivity is the task. To multiply impute the missing data a data augmentation algorithm based on a normal/Wishart model is applied. Data of the German IAB...
Persistent link: https://www.econbiz.de/10010266762
Regression, matching, control function and instrumental variables methods for recovering the impact of education on individual earnings are reviewed for single treatment and sequential multiple treatments with and without heterogeneous returns. The sensitivity of the estimates once applied to a...
Persistent link: https://www.econbiz.de/10010292932
The classical Salant-condition for the comparison of the mean interrupted spell length of the stock of unemployed and the mean completed spell length of the corresponding flow can be substantially weakened: for a NWUE [New Worse than Used in Expectation] distribution the former is greater than...
Persistent link: https://www.econbiz.de/10010294516
Using administrative panel data of health insurants, we estimate the effects of low birth weight on health service utilization among children and young adults between birth and 21 years old. To account for time-invariant heterogeneity of mothers, we use sibling fixed- effects estimation. We find...
Persistent link: https://www.econbiz.de/10010294924
Applying a probabilistic causal approach, we define a class of time series causal models (TSCM) based on stationary Bayesian networks. A TSCM can be seen as a structural VAR identified by the causal relations among the variables. We classify TSCMs into observationally equivalent classes by...
Persistent link: https://www.econbiz.de/10010295294
Elements of an econometric examination of benchmark revisions in real-time data are suggested. Structural break tests may be applied to detect heterogeneities within vintages. Systems cointegration tests are helpful to reveal inconsistencies across vintages. Differencing and rebasing, often used...
Persistent link: https://www.econbiz.de/10010295827
Statistical software has also become an important part of scientific research that is reflected in the publications of the research results. Publishing a mathematical theorem requires also the publication of the proof of this theorem. The result of a computation can be seen as the equivalent of...
Persistent link: https://www.econbiz.de/10010296471
The health sector is defined as the priority sector in the Albanian Strategy for the social and economic development. The Albanian Health sector is in the continuing transformation in the function of the realization of the proper standards. To realize the reform in this sector and to help the...
Persistent link: https://www.econbiz.de/10010296582
The article shows by various examples how consumers of statistical information may be confused when this information is presented in terms of conditional probabilities. It also shows how this confusion helps others to lie with statistics, and it suggests how either confusion or lies can be...
Persistent link: https://www.econbiz.de/10010296618
The economic analysis of corporate governance is en vogue. In addition to a host of theoretical papers, an increasing number of empirical studies analyze how ownership structure, capital structure, the structure of the board and the market for corporate control influence firm performance. This...
Persistent link: https://www.econbiz.de/10010297680