Measurement error and imputation of consumption in survey data

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Show simple item record Campos, Rodolfo G. Reggio, Iliana
dc.contributor.editor Universidad Carlos III de Madrid. Departamento de Economía 2012-07-11T12:22:07Z 2013-07-29T07:28:06Z 2013-07-29T07:28:06Z 2013-07-24
dc.identifier.issn 2340-5031
dc.description.abstract We 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.sponsorship Campos 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.mimetype application/pdf
dc.format.mimetype application/pdf
dc.format.mimetype text/plain
dc.language.iso eng
dc.relation.ispartofseries UC3M Working papers. Economics
dc.relation.ispartofseries 12-19
dc.rights Atribución-NoComercial-SinDerivadas 3.0 España
dc.subject.other Consumption
dc.subject.other Measurement error
dc.subject.other Instrumental variables
dc.subject.other Consumer expenditure survey
dc.subject.other Panel study of income dynamics
dc.title Measurement error and imputation of consumption in survey data
dc.type workingPaper
dc.subject.jel C13
dc.subject.jel C26
dc.subject.jel E21
dc.subject.eciencia Economía
dc.rights.accessRights openAccess
dc.relation.projectID Gobierno de España. ECO2012-38134
dc.relation.projectID Gobierno de España. ECO2012-31358
dc.type.version submitedVersion
dc.identifier.uxxi DT/0000000831
dc.identifier.repec we1219
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