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the measurement error. The standard attenuation bias suggests that using these corrected data would lead to a higher …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 …
Persistent link: https://www.econbiz.de/10010270563
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 …
Persistent link: https://www.econbiz.de/10010325812
often seen as remedies to overcome economic and financial turmoils and to return to low inflation. A sustainable debt level …
Persistent link: https://www.econbiz.de/10011753130
average union premium of roughly 15 percent is called into question. Two forms of measurement error create a downward bias in … standard wage gap estimates. Match bias results from Census earnings imputation procedures that do not include union status as … a match criterion. Downward bias is roughly equal to the proportion of workers with imputed earnings, currently about 30 …
Persistent link: https://www.econbiz.de/10010261534
This paper presents a new method to correct for measurement error in wage data and applies this method to address an … a cut in nominal wages is substantially overstated in data that is not corrected for measurement error. …
Persistent link: https://www.econbiz.de/10010262069
correcting for measurement error, wages appear to be very sticky. In the average quarter, the probability that an individual will … consumer price inflation rate. …
Persistent link: https://www.econbiz.de/10010269928
We propose a model of production where technical change is both time and management induced. We define a general management index in addition to the general time index of Baltagi and Griffin (1988) and use them as arguments in the translog productionfunction. Time and management induced...
Persistent link: https://www.econbiz.de/10010312081
In the neoclassical production functions model technical change (TC) is assumed to be exogenous and it is specified as a function of time. However, some exogenous external factors other than time can also affect the rate of TC. In this paper we model TC via a combination of time trend (purely...
Persistent link: https://www.econbiz.de/10010280731
Measurement error is a common phenomenon in the empirical sciences. Longitudinal data can especially be affected by it …, as measurement error can influence measures of change, which is one of the primary reasons for collecting longitudinal … data in panel surveys. However, measurement error in longitudinal data is rarely analysed. In this series of papers, the …
Persistent link: https://www.econbiz.de/10014433953
Measured rates of growth in real per capita income differ drastically depending on the data source. This phenomenon occurs largely because data sets differ in whether and how they adjust for changes in relative prices across countries. Replication of several recent studies of growth determinants...
Persistent link: https://www.econbiz.de/10010274158