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Imputed Missing Incomes And Marginal Propensity To Consume Food

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  • Lee, Jonq-Ying

Abstract

This study has demonstrated the use of a type 2 tobit model to impute the incomes for nonresponding households. The imputed incomes generated from the type 2 tobit model for nonresponding households indicate that average incomes of nonresponding households are slightly higher than those of responding households. Furthermore, this study demonstrates that under the assumption that the predicted incomes derived from the type 2 tobit model are accurate, the deletion of nonresponsidng households would cause an overestimation of the impact of income on food expenditures for households with annual incomes of less than $20,000.

Suggested Citation

  • Lee, Jonq-Ying, 1986. "Imputed Missing Incomes And Marginal Propensity To Consume Food," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 11(2), pages 1-8, December.
    • Handle: RePEc:ags:wjagec:32253
    DOI: 10.22004/ag.econ.32253
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    File URL: https://ageconsearch.umn.edu/record/32253/files/11020115.pdf
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    References listed on IDEAS

    as
    1. Amemiya, Takeshi, 1981. "Qualitative Response Models: A Survey," Journal of Economic Literature, American Economic Association, vol. 19(4), pages 1483-1536, December.
    2. Dagenais, Marcel G., 1973. "The use of incomplete observations in multiple regression analysis : A generalized least squares approach," Journal of Econometrics, Elsevier, vol. 1(4), pages 317-328, December.
    3. Christian Gourieroux & Alain Monfort, 1981. "On the Problem of Missing Data in Linear Models," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 48(4), pages 579-586.
    4. Heckman, James, 2013. "Sample selection bias as a specification error," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 31(3), pages 129-137.
    5. Mark G. Brown & S. R. Johnson, 1984. "Equivalent Scales, Scale Economies, and Food Stamp Allotments: Estimates from the Nationwide Food Consumption Survey, 1977–78," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(3), pages 286-293.
    6. Donald A. West & David W. Price, 1976. "The Effects of Income, Assets, Food Programs, and Household Size on Food Consumption," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 58(4_Part_1), pages 725-730.
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    Cited by:

    1. Cox, Thomas L. & Briggs, Hugh, 1989. "Heteroscedastic Tobit Models: The Household Demand for Fresh Potatoes Revisited," Staff Papers 200482, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.
    2. Koontz, Stephen R. & Ward, Clement E., 1993. "Electronic Market Use By Oklahoma Lamb Producers," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 18(1), pages 1-16, July.

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