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Measurement error in imputation procedures
Campos, Rodolfo G.; Reggio, Iliana - Banco de España - 2013
We study how estimators used to impute consumption in survey data are inconsistent due to measurement error in … consumption. Previous research suggests instrumenting consumption to overcome this problem. We show that, if additional regressors … are present, then instrumenting consumption may still produce inconsistent estimators due to the likely correlation …
Persistent link: https://www.econbiz.de/10010862276
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Measurement error and imputation of consumption in survey data
Campos, Rodolfo G.; Reggio, Ilina - Departamento de Economía, Universidad Carlos III de Madrid - 2012
We study how estimators used to impute consumption in survey data are inconsistent due to measurement error in … consumption. Previous research suggests instrumenting consumption to overcome this problem. We show that, if additional regressors … are present in the estimation, then instrumenting consumption may still produce inconsistent estimators. This …
Persistent link: https://www.econbiz.de/10010861840
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Estimating Obesity Rates in the Presence of Measurement Error
O'Neill, Donal; Sweetman, Olive - Institute for the Study of Labor (IZA) - 2013
Reliable measures of obesity are essential in order to develop effective policies to tackle the costs of obesity. In this paper we examine what, if anything, we can learn about obesity rates using self-reported BMI once we allow for possible measurement error. We combine self-reported data on...
Persistent link: https://www.econbiz.de/10011207667
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The Consequences of Measurement Error when Estimating the Impact of BMI on Labour Market Outcomes
O'Neill, Donal; Sweetman, Olive - Institute for the Study of Labor (IZA) - 2012
This paper uses data on both self-reported and true measures of individual Body Mass Index (BMI) to examine the nature of measurement error in self-reported BMI and to look at the consequences of using self-reported measures when estimating the effect of BMI on economic outcomes. In keeping with...
Persistent link: https://www.econbiz.de/10010785488
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The Consequences of Measurement Error when Estimating the Impact of BMI on Labour Market Outcomes
O'Neill, Donal; sweetman, Olive - Department of Economics, National University of Ireland - 2012
This paper uses data on both self-reported and true measures of individual Body Mass Index (BMI) to examine the nature of measurement error in self-reported BMI and to look at the consequences of using self-reported measures when estimating the effect of BMI on economic outcomes. In keeping with...
Persistent link: https://www.econbiz.de/10010954121
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The role of constant instruments in dynamic panel estimation
Han, Chirok; Kim, Hyoungjong - In: Economics Letters 124 (2014) 3, pp. 500-503
In the standard generalized method of moments estimation of dynamic panel data models, the constant term is usually omitted from instrument sets. As a result, adding a constant to the dependent variable affects the estimates for models without full period dummies. Omitting the constant term from...
Persistent link: https://www.econbiz.de/10010930706
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Smoothed Estimating Equations for Instrumental Variables Quantile Regression
Kaplan, David M.; Sun, Yixiao - Economics Department, University of Missouri - 2013
The moment conditions or estimating equations for instrumental variables quantile regression involves the discontinuous indicator function. We instead use smoothed estimating equations, with bandwidth h. This is known to allow higher-order expansions that justify bootstrap refinements for...
Persistent link: https://www.econbiz.de/10010932938
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Program substitutability in network television: Evidence from Argentina
Carare, Octavian; Zentner, Alejandro - In: Information Economics and Policy 24 (2012) 2, pp. 145-160
Inference about television program substitutability from the consumer perspective is complicated by unobserved shocks to viewership and endogenous programming choices by television networks. High-frequency changes in program scheduling are commonplace in Argentina. This paper uses this variation...
Persistent link: https://www.econbiz.de/10010577776
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Micro vs. macro consumption data : the cyclical properties of the consumer expenditure survey
Campos, Rodolfo G.; Reggio, Ilina; García-Píriz, Dionisio - Departamento de Economía, Universidad Carlos III de Madrid - 2012
The Consumer Expenditure Survey (CEX) offers the most comprehensive consumption data at the consumer level for the … United States. Several previous studies have shown a large gap between per-capita consumption from the CEX and the aggregate … Personal Consumption Expenditure (PCE) series. While previous research has focused on consumption levels, we focus on the …
Persistent link: https://www.econbiz.de/10010556743
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Estimating Euler Equations with Noisy Data: Two Exact GMM Estimators
Browning, Martin; Alan, Sule - Department of Economics, Oxford University - 2006
In this paper we exploit the specific structure of the Euler equation and develop two alternative GMM estimators that deal explicitly with measurement error. The first estimator assumes that the measurement error is lognormally distributed. The second estimator drops the distributional...
Persistent link: https://www.econbiz.de/10005047955