Measurement error in causal analysis of panel data: Attenuated versus inflated relationships

1987 ◽  
Vol 21 (1) ◽  
Author(s):  
Anders Westholm
Keyword(s):  
Measurement Error ◽  
Panel Data ◽  
Causal Analysis

The Estimation of Measurement Error in Panel Data

1970 ◽  
Vol 35 (1) ◽  
pp. 112 ◽  
Author(s):  
David E. Wiley ◽  
James A. Wiley
Keyword(s):  
Measurement Error ◽  
Panel Data

A Causal Analysis of Switching Behavior in Shopping Destination Choice Using Panel Data

1999 ◽  
Vol 34 (0) ◽  
pp. 901-906
Author(s):  
Kazuo Nishii ◽  
Katsunao Kondo ◽  
Kuniaki Sasaki ◽  
Tomoya Asano
Keyword(s):  
Panel Data ◽  
Causal Analysis ◽  
Switching Behavior ◽  
Destination Choice

Book Review: Causal Analysis with Panel Data

1996 ◽  
Vol 33 (3) ◽  
pp. 376-377
Author(s):  
Rick L. Andrews
Keyword(s):  
Panel Data ◽  
Causal Analysis

scholarly journals Stochastic Revealed Preferences with Measurement Error

2020 ◽  
Author(s):  
Victor H Aguiar ◽  
Nail Kashaev
Keyword(s):  
International Economic ◽  
Measurement Error ◽  
Panel Data ◽  
Revealed Preference ◽  
Revealed Preferences ◽  
Data Sets ◽  
Single Individual ◽  
Data Set ◽  
International Economic Review ◽  
New Evidence

Abstract A long-standing question about consumer behaviour is whether individuals’ observed purchase decisions satisfy the revealed preference (RP) axioms of the utility maximization theory (UMT). Researchers using survey or experimental panel data sets on prices and consumption to answer this question face the well-known problem of measurement error. We show that ignoring measurement error in the RP approach may lead to overrejection of the UMT. To solve this problem, we propose a new statistical RP framework for consumption panel data sets that allows for testing the UMT in the presence of measurement error. Our test is applicable to all consumer models that can be characterized by their first-order conditions. Our approach is non-parametric, allows for unrestricted heterogeneity in preferences and requires only a centring condition on measurement error. We develop two applications that provide new evidence about the UMT. First, we find support in a survey data set for the dynamic and time-consistent UMT in single-individual households, in the presence of nonclassical measurement error in consumption. In the second application, we cannot reject the static UMT in a widely used experimental data set in which measurement error in prices is assumed to be the result of price misperception due to the experimental design. The first finding stands in contrast to the conclusions drawn from the deterministic RP test of Browning (1989, International Economic Review, 979–992). The second finding reverses the conclusions drawn from the deterministic RP test of Afriat (1967, International Economic Review, 8, 6–77) and Varian (1982, Econometrica, 945–973).

scholarly journals 9. Variance Function Regressions for Studying Inequality

2009 ◽  
Vol 39 (1) ◽  
pp. 293-326 ◽  
Author(s):  
Bruce Western ◽  
Deirdre Bloome
Keyword(s):  
Measurement Error ◽  
Panel Data ◽  
Decomposition Analysis ◽  
Longitudinal Survey ◽  
Variance Function ◽  
Group Differences ◽  
Residual Variance ◽  
Mean And Variance ◽  
The Mean ◽  
Compositional Changes

Regression-based studies of inequality model only between-group differences, yet often these differences are far exceeded by residual inequality. Residual inequality is usually attributed to measurement error or the influence of unobserved characteristics. We present a model, called variance function regression, that includes covariates for both the mean and variance of a dependent variable. In this model, the residual variance is treated as a target for analysis. In analyses of inequality, the residual variance might be interpreted as measuring risk or insecurity. Variance function regressions are illustrated in an analysis of panel data on earnings among released prisoners in the National Longitudinal Survey of Youth. We extend the model to a decomposition analysis, relating the change in inequality to compositional changes in the population and changes in coefficients for the mean and variance. The decomposition is applied to the trend in U.S. earnings inequality among male workers, 1970 to 2005.

Measuring Issue Preferences: The Problem of Response Instability

1989 ◽  
Vol 1 ◽  
pp. 25-60 ◽  
Author(s):  
Stanley Feldman
Keyword(s):  
Public Opinion ◽  
Measurement Error ◽  
Panel Data ◽  
Goodness Of Fit ◽  
Error Variance ◽  
Sufficient Information ◽  
Measurement Error Model ◽  
Policy Positions ◽  
Measurement Models ◽  
Instability Problem

The problem of response instability in survey measures of policy positions has been studied for over 20 years without any apparent resolution. Two major interpretations remain: Philip Converse's nonattitudes model and a measurement error model. One reason why neither interpretation has as yet been rejected or well supported is that previous analyses have depended on three-wave panel data that do not contain sufficient information to assess the goodness-of-fit of the models and also provide unreliable estimates of the error variance for the issue questions. Using five-wave panel data, this article first re-estimates the measurement models for the issue positions to assess goodness-of-fit and then estimates models of response instability to help establish its determinants. Evidence consistent with both interpretations of response instability is found. It thus appears as if neither model can adequately deal with the empirical characteristics of opinion questions in panel data. In the conclusion, a third interpretation of the response instability problem is offered that better accounts for the empirical findings and is more consistent with our understanding of public opinion.

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