Pseudo-panels allow estimation of panel models when only repeated cross-sections are available. This involves grouping … constrained by a lack of consensus on how the pseudo-panels should be formed, particularly to address potential sampling error … bias. We show that grouping can also create substantial aggregation bias, calling into question how well pseudo-panels can …

endogeneity and attrition/non-response bias, using two instrumental variables. Making use of a discrete instrument for the …

analysis. The most ambitious objective is the identification and estimation of the joint distribution, but often we settle for … the estimation of economic models that involve these variables or a subset thereof. Sometimes the goal is to reduce biases …

estimator is biased in the context of dynamic estimation. The estimators taking into account the resulting bias can be grouped … broadly into the class of instrumental estimators and the class of direct bias corrected estimators. The simulation results … clearly favour the direct bias corrected estimators, especially the estimator proposed by Hansen (2001). The superiority of …

controlled for there is a further pervasive source of bias, namely the co-movement of firm employment and firm wages. In a simple … aggregate or firm level) to firm's employment and wages cause downward bias in OLS regression estimates of RTT. We show that the … long established procedures for dealing with "traditional" RTT bias do not circumvent the additional problem we have …