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the National Longitudinal Survey of Youth 1979. Accounting for endogeneity increases the estimate of the return to …
Persistent link: https://www.econbiz.de/10013141782
education from 6.8% to 11.2%. -- Return to education ; heteroskedasticity ; endogeneity … the National Longitudinal Survey of Youth 1979. Accounting for endogeneity increases the estimate of the return to …
Persistent link: https://www.econbiz.de/10003962728
-stage JIVE coefficients and fitted values. -- Cook's Distance ; heteroskedasticity ; outliers ; return to education …
Persistent link: https://www.econbiz.de/10003801007
We provide a comparison of return to schooling estimates based on an influential study by Angrist and Krueger (1991) using two stage least squares (TSLS), limited information maximum likelihood (LIML), jackknife (JIVE), and split sample instrumental variables (SSIV) estimation. We find that the...
Persistent link: https://www.econbiz.de/10012765097
nonlinear and typically underestimated by flexible models that ignore the endogeneity of schooling. I also find evidence of …
Persistent link: https://www.econbiz.de/10011756871
heteroskedasticity, our estimators have superior properties to both the Nagar estimator and the related B2SLS estimator suggested in …
Persistent link: https://www.econbiz.de/10009723860
and spatial moving average parameters is generally inconsistent when heteroskedasticity is not considered in the …
Persistent link: https://www.econbiz.de/10011290741
We derive a new matrix statistic for the Hausman test for endogeneity in cross-sectional Instrumental Variables … estimation, that incorporates heteroskedasticity in a natural way and does not use a generalized inverse. A Monte Carlo study … examines the performance of the statistic for different heteroskedasticity-robust variance estimators and different skedastic …
Persistent link: https://www.econbiz.de/10014507912
This paper proposes estimating linear dynamic panels by explicitly exploiting the endogeneity of lagged dependent … conditions (with or without a unit root), and error characteristics (homoskedasticity or heteroskedasticity of different forms …
Persistent link: https://www.econbiz.de/10014636394
This paper gives a test of overidentifying restrictions that is robust to many instruments and heteroskedasticity. It … allowing for heteroskedasticity and by avoiding assumptions on the instrument projection matrix. The asymptotics is based on … the heteroskedasticity robust many instrument asymptotics of Chao et. al. (2010) …
Persistent link: https://www.econbiz.de/10014181635