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Measurement error and imputation of consumption in survey data

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dc.affiliation.dptoUC3M. Departamento de Economíaes
dc.contributor.authorCampos, Rodolfo G.
dc.contributor.authorReggio, Iliana
dc.contributor.editorUniversidad Carlos III de Madrid. Departamento de Economía
dc.date.accessioned2012-07-11T12:22:07Z
dc.date.accessioned2013-07-29T07:28:06Z
dc.date.available2013-07-29T07:28:06Z
dc.date.issued2013-07-24
dc.description.abstractWe 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. This inconsistency arises from the correlation between additional regressors and measurement error. We propose an additional condition to be satisfied by the instrument that reduces measurement error bias. This condition is directly observable in the data. We apply our findings by revisiting recent research that imputes consumption data from the CEX to the PSID.
dc.description.sponsorshipCampos and Reggio gratefully acknowledge the financial support by the Spanish Ministerio de Ciencia y Tecnología (Grants ECO2009-13169 and ECO2009-11165) and Ministerio de Economía y Competitividad (grants ECO2012-38134 and ECO2012-31358).
dc.format.mimetypeapplication/pdf
dc.format.mimetypeapplication/pdf
dc.format.mimetypetext/plain
dc.identifier.issn2340-5031
dc.identifier.repecwe1219
dc.identifier.urihttps://hdl.handle.net/10016/14890
dc.identifier.uxxiDT/0000000831
dc.language.isoeng
dc.relation.ispartofseriesUC3M Working papers. Economics
dc.relation.ispartofseries12-19
dc.relation.projectIDGobierno de España. ECO2012-38134
dc.relation.projectIDGobierno de España. ECO2012-31358
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España
dc.rights.accessRightsopen access
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.ecienciaEconomía
dc.subject.jelC13
dc.subject.jelC26
dc.subject.jelE21
dc.subject.otherConsumption
dc.subject.otherMeasurement error
dc.subject.otherInstrumental variables
dc.subject.otherConsumer expenditure survey
dc.subject.otherPanel study of income dynamics
dc.titleMeasurement error and imputation of consumption in survey data
dc.typeworking paper*
dc.type.hasVersionSMUR*
dspace.entity.typePublication
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