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become controversial in the wake of recent demonstrations showing that this type of regression is prone to bias in small … samples. Bias may even remain when units are sampled from a larger population of infnite size. This paper uses a combination … of simulated and actual examples to show that, as a practical matter, bias tends to be negligible when the sample size is …
Persistent link: https://www.econbiz.de/10014204391
This paper investigates methods to estimate the upper tail of the wealth distribution. I compare data types and estimation methods using data from the Netherlands for the period 1993–2018, exploiting the unique availability of multiple types of data for this context. In addition to comparing...
Persistent link: https://www.econbiz.de/10013244847
We provide an overview of recent empirical research on patterns of cross-country growth. The new empirical regularities considered differ from earlier ones, e.g., the well-known Kaldor stylized facts. The new research no longer makes production function accounting a central part of the analysis....
Persistent link: https://www.econbiz.de/10014024246
This paper compares and assesses the income inequality between five European countries in the mid 1990's, employing the non-parametric technique of kernel density estimation. The countries used in this inequality exercise were Germany, Hungary, Luxembourg, Poland and the United Kingdom, and the...
Persistent link: https://www.econbiz.de/10013052619
We conduct an interdisciplinary meta-analysis to aggregate the knowledge from empirical estimates of inequality aversion reported from 1999 to 2022. In particular, we examine 85 estimates of disadvantageous inequality aversion (or envy) and advantageous inequality aversion (or guilt) from 26...
Persistent link: https://www.econbiz.de/10014080048
Interference between units may pose a threat to unbiased causal inference in randomized controlled experiments. Although the assumption of no interference is essential for causal inference, few options are available for testing this assumption. This paper presents the first reliable ex post...
Persistent link: https://www.econbiz.de/10013140154
Loss aversion is one of the most widely used concepts in behavioral economics. We conduct a large-scale interdisciplinary meta-analysis, to systematically accumulate knowledge from numerous empirical estimates of the loss aversion coefficient reported during the past couple of decades. We...
Persistent link: https://www.econbiz.de/10013250034
This paper analyses optimal treatment allocation of experimental units to treatment and control group. 'Optimal' means that the allocation of treatments should balance covariates across treatment and control group in a way that minimizes the variance of the treatment estimator in a given linear...
Persistent link: https://www.econbiz.de/10011688215
Methods of systematically balanced treatment allocation for economic experiments, as an alternative to random allocation, are gaining increasing attention in recent years. This paper analyzes the benefits and the limits of a systematic allocation of treatments within a linear model framework....
Persistent link: https://www.econbiz.de/10011857354
We use spline interpolation to approximate the subjective cumulative distribution function of an economic agent over the future realization of a continuous (possibly censored) random variable. The method proposed exploits information collected using a small number of probability questions on...
Persistent link: https://www.econbiz.de/10012773320