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Author: Koenig, Peter J.
Resulting in 1 citation.
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Sandell, Steven H. Koenig, Peter J. |
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Measurement Error and Its Consequences: The Case of Annual Hours of Work Final Report, Employment and Training Administration, U.S. Department of Labor, 1978. Also: http://catalog.hathitrust.org/Record/009631686 Cohort(s): Young Men, Young Women Publisher: U.S. Department of Labor Keyword(s): Current Population Survey (CPS) / CPS-Fertility Supplement; Husbands; Marital Status; Research Methodology; Wives The primary purpose of this study is to analyze the effect of different methodologies on labor supply measures plagued with errors. By using a better measure in the NLS, the frequently used estimate for annual hours with an average of 10 to 50 percent, was found to severely bias the coefficients in labor supply equations of young married men and women. In addition, biased estimates were also found when annual earnings divided by imputed wage and weeks worked was used to substitute labor supply measures. In essence, this paper demonstrates the necessity of weighting observations to avoid heteroscedasticity and sample selection bias. |
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Bibliography Citation
Sandell, Steven H. and Peter J. Koenig. "Measurement Error and Its Consequences: The Case of Annual Hours of Work." Final Report, Employment and Training Administration, U.S. Department of Labor, 1978. |