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This paper uses multi-level factor models to characterize within- and between-block variations as well as idiosyncratic noise in large dynamic panels. Block-level shocks are distinguished from genuinely common shocks, and the estimated block-level factors are easy to interpret. The framework...
Persistent link: https://www.econbiz.de/10003948200
This paper uses multi-level factor models to characterize within- and between-block variations as well as idiosyncratic noise in large dynamic panels. Block-level shocks are distinguished from genuinely common shocks, and the estimated block-level factors are easy to interpret. The framework...
Persistent link: https://www.econbiz.de/10014199839
This paper examines the effect of systematic self-report bias, the non-random deviation between the self-reported and … true values of the same measure. This bias may be constant or variable, and can mislead empirical analyses based on … measured data in the cross-section. A school nutrition policy changed the bias differentially in the treatment and control …
Persistent link: https://www.econbiz.de/10014184565
This paper considers estimation situations where identification, endogeneity and non-spherical regression error problems are present. Instead of always using GMM despite weak instruments to solve the endogeneity, it is possible to first check whether endogeneity is serious enough to cause...
Persistent link: https://www.econbiz.de/10013147377
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 … grandfather coefficient estimate. We further propose an IV approach, showing that it is not susceptible to this spillover bias in …
Persistent link: https://www.econbiz.de/10011966854
Estimation of empirical relationships is prone to bias. Economists have carefully identified and addressed sources of … bias in structural and quasi-experimental approaches, but the randomized control trial (RCT) has only recently begun to … used to reduce the risk of bias in economics RCTs. We first identify the subset of these lessons applicable to RCTs in …
Persistent link: https://www.econbiz.de/10013035540
estimates for a number of reasons. Consequently, if we neglect this potential bias in OLS when estimating the gender wage gap …
Persistent link: https://www.econbiz.de/10001440964
Persistent link: https://www.econbiz.de/10002770862
estimates for a number of reasons. Consequently, if we neglect this potential bias in OLS when estimating the gender wage gap …
Persistent link: https://www.econbiz.de/10013321351
estimates for a number of reasons. Consequently, if we neglect this potential bias in OLS when estimating the gender wage gap …
Persistent link: https://www.econbiz.de/10011316913