Lechtenfeld, Tobias; Zoch, Asmus - 2014
thought. Using new national panel data (NIDS), substantial measurement error in reported income data is found, which is … different instruments, measurement error can be quantified. Specifically, self-reported income in the survey data is shown to … suffer from mean-reverting measurement bias, leading to sizable overestimations of income convergence in both panel data sets …