We propose a first order bias correction term for the Gini index to reduce the bias due to grouping. The first order … correction term is obtained from studying the estimator of the Gini index within a measurement error framework. In addition, it … reveals an intuitive formula for the remaining second order bias which is useful in empirical analyses. We analyze the …

widely applicable measurement procedure. The procedure yields estimates of under- and overreaction to new information at …

The literature on international equity holdings distinguishes between home bias (overweighting of home stocks) and … foreign bias (relative underweighting for more 'distant' countries). The two biases can be integrated into one distance …-based model. We define pure home bias as the excess of home bias relative to this model, and find pure home bias only in emerging …

The paper develops measures of home bias for 46 countries over the period 2001 to 2011 by employing various models … the expected return of each asset. Paper finds that, for few countries, there is not much change in home bias measures … crisis and institutional quality have significant impact on home bias. There are policy implications associated with home …

compensating the possible consolidation bias by calculating the so-called Potential Process Efficiency PPE. Finally,the paper …

evidence shows that rank-based measures are less affected by measurement error and life-cycle bias compared with other standard … average bias in rank correlation is less than half of that in intergenerational regression coefficient, and comparable to that … in intergenerational correlation in magnitude. The intercept estimates are biased upward, with the largest bias found in …

There are three major points to this article: 1. Measurement error causes biases in regression fits. The line one would … exposure with error. 2. The effects of measurement error vary from study-to-study. It is dangerous to take measurement error … corrections derived from one study and apply them to data from entirely different studies or populations. 3. Measurement error can …