Showing 1 - 10 of 37
Persistent link: https://www.econbiz.de/10011897665
when data on the endogenous covariate is missing for some observations. Many such imputation techniques have been proposed … decreasing in the degree of measurement accuracy, the most accurate imputation method is not necessarily the method that … minimizes the bias of 2SLS. Instead, we explore imputation methods designed to increase the first-stage strength of the …
Persistent link: https://www.econbiz.de/10011594466
when data on the endogenous covariate is missing for some observations. Many such imputation techniques have been proposed … decreasing in the degree of measurement accuracy, the most accurate imputation method is not necessarily the method that … minimizes the bias of 2SLS. Instead, we explore imputation methods designed to increase the first-stage strength of the …
Persistent link: https://www.econbiz.de/10012966959
This study integrates two bodies of work to explore how changes in human capital have impacted the distribution of household permanent income. Introducing a human capital accumulation model, a framework is established - utilizing the special properties of the Gini coefficient - which maps...
Persistent link: https://www.econbiz.de/10014084869
when data on the endogenous covariate is missing for some observations. Many such imputation techniques have been proposed … decreasing in the degree of measurement accuracy, the most accurate imputation method is not necessarily the method that … minimizes the bias of 2SLS. Instead, we explore imputation methods designed to increase the first-stage strength of the …
Persistent link: https://www.econbiz.de/10011653130
Persistent link: https://www.econbiz.de/10014385035
In linear regression models, measurement error in a covariate causes Ordinary Least Squares (OLS) to be biased and inconsistent. Instrumental Variables (IV) is a common solution. While IV is also biased, it is consistent. Here, we undertake an asymptotic comparison of OLS and IV in the case...
Persistent link: https://www.econbiz.de/10014388449
Persistent link: https://www.econbiz.de/10015166713
The economic mobility of individuals and households is of fundamental interest. While many measures of economic mobility exist, reliance on transition matrices remains pervasive due to simplicity and ease of interpretation. However, estimation of transition matrices is complicated by the...
Persistent link: https://www.econbiz.de/10011972716
Estimation of the causal effect of a binary treatment on outcomes often requires conditioning on covariates to address selection on observed variables. This is not straightforward when one or more of the covariates are measured with error. Here, we present a new semi-parametric estimator that...
Persistent link: https://www.econbiz.de/10012316918