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Bias from Classical and Other Forms of Measurement Error

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Author Info
Hyslop, Dean R
Imbens, Guido W

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Abstract

We consider the implications of an alternative to the classical measurement-error model, in which the observed, mismeasured data are optimal predictions of the true values, given some information set. In this model, any measurement error is uncorrelated with the reported value and, by necessity, correlated with the true value of interest. In a regression model, such measurement error in the regressor does not lead to bias, whereas measurement error in the dependent variable leads to bias toward 0. In general, the measurement-error model, together with the information set, is critical for determining the bias in econometric estimates.

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Publisher Info
Article provided by American Statistical Association in its journal Journal of Business and Economic Statistics.

Volume (Year): 19 (2001)
Issue (Month): 4 (October)
Pages: 475-81
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Handle: RePEc:bes:jnlbes:v:19:y:2001:i:4:p:475-81

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  4. Horowitz, Joel L & Manski, Charles F, 1995. "Identification and Robustness with Contaminated and Corrupted Data," Econometrica, Econometric Society, vol. 63(2), pages 281-302, March. [Downloadable!] (restricted)
  5. David Card & Dean Hyslop, 1996. "Does Inflation "Grease the Wheels of the Labor Market"?," NBER Working Papers 5538, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  6. Bound, John & Krueger, Alan B, 1991. "The Extent of Measurement Error in Longitudinal Earnings Data: Do Two Wrongs Make a Right?," Journal of Labor Economics, University of Chicago Press, vol. 9(1), pages 1-24, January. [Downloadable!] (restricted)
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  7. Card, David, 1996. "The Effect of Unions on the Structure of Wages: A Longitudinal Analysis," Econometrica, Econometric Society, vol. 64(4), pages 957-79, July. [Downloadable!] (restricted)
  8. Leamer, Edward E, 1987. "Errors in Variables in Linear Systems," Econometrica, Econometric Society, vol. 55(4), pages 893-909, July. [Downloadable!] (restricted)
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  9. repec:att:wimass:19895 is not listed on IDEAS
  10. Das, M. & Dominitz, J. & Soest, A. van, 1997. "Comparing predictions and outcomes : theory and application to income changes," Discussion Paper 45, Tilburg University, Center for Economic Research. [Downloadable!]
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  1. Salois, Matthew J. & Livanis, Grigorios & Moss, Charles B., 2006. "Estimation of Production Functions using Average Data," 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida 35401, Southern Agricultural Economics Association. [Downloadable!]
  2. Nikhil Agarwal & Chanont Banternghansa & Linda T.M. Bui, 2009. "Toxic exposure in America: estimating fetal and infant health outcomes," Working Papers 2009-016, Federal Reserve Bank of St. Louis. [Downloadable!]
  3. Nicole M. Fortin, 2006. "Higher-Education Policies and the College Wage Premium: Cross-State Evidence from the 1990s," American Economic Review, American Economic Association, vol. 96(4), pages 959-987, September. [Downloadable!]
  4. William M. Gentry & Deen Kemsley & Christopher J. Mayer, 2001. "Dividend Taxes and Share Prices: Evidence from Real Estate Investment Trusts," NBER Working Papers 8486, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  5. Christopher R. Bollinger & Amitabh Chandra, 2003. "Iatrogenic Specification Error: A Cautionary Tale of Cleaning Data," NBER Technical Working Papers 0289, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  6. Bollinger, Christopher R. & Chandra, Amitabh, 2004. "Iatrogenic Specification Error: A Cautionary Tale of Cleaning Data," IZA Discussion Papers 1093, Institute for the Study of Labor (IZA). [Downloadable!]
  7. Alok Johri and Marc-André Letendre, 2006. "What do “residuals” from first-order conditions reveal about DGE models?," Department of Economics Working Papers 2006-01, McMaster University. [Downloadable!]
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  8. Nikhil Agarwal & Chanont Banternghansa & Linda Bui, 2009. "Toxic Exposure in America: Estimating Fetal and Infant Health Outcomes," NBER Working Papers 14977, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  9. Thomas J. Kane & Douglas O. Staiger, 2001. "Improving School Accountability Measures," NBER Working Papers 8156, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  10. Julio Peña Torres & Claudio Agostini & Sebastián Vergara, 2005. "'El Niño' Effects and Biomass Endogeneity in a Harvest Function: The Chilean Jack Mackerel Fishery," ILADES-Georgetown University Working Papers inv160, Ilades-Georgetown University, School of Economics and Bussines. [Downloadable!]
  11. Javier Escobal & Sonia Laszlo, 2005. "Measurement Error in Access to Markets," Development and Comp Systems 0503008, EconWPA. [Downloadable!]
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