Economists have devoted increasing attention to the magnitude and consequences of measurement error in their data. Most … discussions of measurement error are based on the “classical” assumption that errors in measuring a particular variable are … those variables. In this survey, we focus on both the importance of measurement error in standard survey-based economic …

While stock market expectations are among the most important primitives of portfolio choice models, their measurement … has proved challenging for some respondents. We argue that the magnitude of measurement error in subjective expectations … model parameters for respondents at the lower end of the measurement error distribution; these effects are much less …

theory-based hypotheses about the effects that the choice of format has on measurement error in looping questions and test …

The perpetual inventory method used for the construction of education data per country leads to systematic measurement … error. This paper analyses the effect of this measurement error on GDP regressions. There is a systematic difference in the … the measurement error. The standard attenuation bias suggests that using these corrected data would lead to a higher …

measurement, and it has become standard practice to construct income measures to mitigate these. However, remaining bias can lead … literature. We show with theory and simulations that even using a 30-year income average can result in a small positive spurious …