RT Generic
T1 Measurement error and imputation  of consumption in survey data
A1 Campos, Rodolfo G.
A1 Reggio, Iliana
A2 Universidad Carlos III de Madrid. Departamento de Economía, 
AB We study how estimators used to impute consumption in survey data are inconsistent due to measurement error in consumption. Previous research suggests instrumenting consumptionto overcome this problem. We show that, if additional regressors are present, theninstrumenting consumption may still produce inconsistent estimators. This inconsistencyarises from the correlation between additional regressors and measurement error. Wepropose an additional condition to be satisfied by the instrument that reduces measurementerror bias. This condition is directly observable in the data. We apply our findings by revisitingrecent research that imputes consumption data from the CEX to the PSID.
SN 2340-5031
YR 2013
FD 2013-07-24
LK https://hdl.handle.net/10016/14890
UL https://hdl.handle.net/10016/14890
LA eng
NO Campos and Reggio gratefully acknowledge the financialsupport 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).
DS e-Archivo
RD 29 jul. 2024