Mora, Jhon James; Muro, Juan - In: Economics - The Open-Access, Open-Assessment E-Journal 8 (2014), pp. 1-25
In the presence of selection bias the traditional estimators for pseudo panel data models are inconsistent. This paper … finite samples. As a "side effect" the authors utilize the enlarged pseudo panel to provide a GMM consistent estimation of … the pseudo panel parameters under rejection of the null and apply the procedure to estimate the rate of return to …