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Problems of Sample-Selection Bias in the Historical Heights Literature : A Theoretical and Econometric Analysis
Bodenhorn, Howard - 2013
An extensive literature uses anthropometric measures, typically heights, to draw inferences about living standards in … the past. This literature's influence reaches beyond economic history; the results of historical heights research appear … as crucial components in development economics and related fields. The historical heights literature often relies on …
Persistent link: https://www.econbiz.de/10013082366
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Problems of sample-selection bias in the historical heights literature : a theoretical and econometric analysis
Bodenhorn, Howard; Guinnane, Timothy; Mroz, Thomas A. - 2013
, slaves, and prisoners. -- self-selection ; selection bias ; heights ; anthropometrics ; standards of living …An extensive literature uses anthropometric measures, typically heights, to draw inferences about living standards in … the past. This literature's influence reaches beyond economic history; the results of historical heights research appear …
Persistent link: https://www.econbiz.de/10009744186
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How wealthy are the rich?
Schulz-Gebhard, Jan; Milaković, Mishael - 2020
Underreporting and undersampling biases in top tail wealth, although widely acknowledged, have not been statistically quantified so far, essentially because they are not readily observable. Here we exploit the functional form of power law-like regimes in top tail wealth to derive analytical...
Persistent link: https://www.econbiz.de/10012406231
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Density Based Regression for Inhomogeneous Data : Application to Lottery Experiments
Kontek, Krzysztof - 2010
This paper presents a regression procedure for inhomogeneous data characterized by varying variance, skewness and kurtosis or by an unequal amount of data over the estimation domain. The concept is based first on the estimation of the densities of an observed variable for given values of...
Persistent link: https://www.econbiz.de/10013144565
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Sequentially Testing Polynomial Model Hypotheses Using Power Transforms of Regressors
Cho, Jin Seo; Phillips, Peter C. B. - 2016
We provide a methodology for testing a polynomial model hypothesis by extending the approach and results of Baek, Cho, and Phillips (2015; Journal of Econometrics; BCP) that tests for neglected nonlinearity using power transforms of regressors against arbitrary nonlinearity. We examine and...
Persistent link: https://www.econbiz.de/10014123918
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Uncertainty of Multiple Period Risk Measures
Lönnbark, Carl - 2009
In general, the properties of the conditional distribution of multiple period returns do not follow easily from the one-period data generating process. This renders computation of Value-at-Risk and Expected Shortfall for multiple period returns a non-trivial task. In this paper we consider some...
Persistent link: https://www.econbiz.de/10013155481
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Moment tests of independent components
Amengual, Dante; Fiorentini, Gabriele; Sentana, Enrique - In: SERIEs : Journal of the Spanish Economic Association 13 (2022) 1, pp. 429-474
We propose simple specification tests for independent component analysis and structural vector autoregressions with non-Gaussian shocks that check the normality of a single shock and the potential cross-sectional dependence among several of them. Our tests compare the integer (product) moments...
Persistent link: https://www.econbiz.de/10013326911
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On the Stock-Yogo tables
Skeels, Christopher L.; Windmeijer, Frank - In: Econometrics : open access journal 6 (2018) 4, pp. 1-23
A standard test for weak instruments compares the first-stage F-statistic to a table of critical values obtained by Stock and Yogo (2005) using simulations. We derive a closed-form solution for the expectation from which these critical values are derived, as well as present some second-order...
Persistent link: https://www.econbiz.de/10011945785
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Testing Linearity Using Power Transforms of Regressors
Baek, Yaein - 2013
We develop a method of testing linearity using power transforms of regressors, allowing for stationary processes and time trends. The linear model is a simplifying hypothesis that derives from the power transform model in three different ways, each producing its own identification problem. We...
Persistent link: https://www.econbiz.de/10013075933
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CapMod : A Simulated Society to Evaluate Empirical Estimators of Capabilities
Chávez-Juárez, Florian; Krishnakumar, Jaya - 2019
This article introduces an innovative approach to the validation of empirical methods aiming at estimating capabilities. Validating these empirical methods is difficult because capabilities are not directly observable. We propose a computational model to generate data from a simulated society,...
Persistent link: https://www.econbiz.de/10014108528