蝌蚪网

This website uses cookies.

By clicking the "Accept" button or continuing to browse our site, you agree to first-party and session-only cookies being stored on your device to enhance site navigation and analyze site performance and traffic. For more information on our use of cookies, please see our Privacy Policy.

  1. Home
  2. 蝌蚪网
  3. Journal of Economic Perspectives
  4. Fall 2001
  5. Mismeasured Variables in Econometric Analysis: Problems from the Right and Problems from the Left

Journal of Economic Perspectives

ISSN 0895-3309 (Print) | ISSN 1944-7965 (Online)

Mismeasured Variables in Econometric Analysis: Problems from the Right and Problems from the Left

  • Jerry Hausman
Journal of Economic Perspectives
vol. 15, no. 4, Fall 2001
(pp. 57–67)
Download Full Text PDF
(Complimentary)

Abstract

The effect of mismeasured variables in the most straightforward regression analysis with a single regressor variable leads to a least squares estimate that is downward biased in magnitude toward zero. I begin by reviewing classical issues involving mismeasured variables. I then consider three recent developments for mismeasurement econometric models. The first issue involves difficulties in using instrumental variables. A second involves the consistent estimators that have recently been developed for mismeasured nonlinear regression models. Finally, I return to mismeasured left hand side variables, where I will focus on issues in binary choice models and duration models.

Citation

Hausman, Jerry. 2001. "Mismeasured Variables in Econometric Analysis: Problems from the Right and Problems from the Left." Journal of Economic Perspectives 15 (4): 57–67. DOI: 10.1257/jep.15.4.57

JEL Classification

  • C30 Multiple or Simultaneous Equation Models: General