Journal ArticleDOI
An Illustration of a Pitfall in Estimating the Effects of Aggregate Variables on Micro Units
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The authors illustrates the danger of spurious regression from this kind of misspecification, using as an example a wage regression estimated on data for individual workers that includes in the specification aggregate regressors for characteristics of geographical states.Abstract:
Many economic researchers have attempted to measure the effect of aggregate market or public policy variables on micro units by merging aggregate data with micro observations by industry, occupation, or geographical location, then using multiple regression or similar statistical models to measure the effect of the aggregate variable on the micro units. The methods are usually based upon the assumption of independent disturbances, which is typically not appropriate for data from populations with grouped structure. Incorrectly using ordinary least squares can lead to standard errors that are seriously biased downward. This note illustrates the danger of spurious regression from this kind of misspecification, using as an example a wage regression estimated on data for individual workers that includes in the specification aggregate regressors for characteristics of geographical states. Copyright 1990 by MIT Press.read more
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Journal ArticleDOI
Employment Resilience in Europe and the 2008 Economic Crisis: Insights from Micro-Level Data
Justin Doran,Bernard Fingleton +1 more
TL;DR: In this paper, the authors analyzed employment resilience to the 2008 economic crisis using individual-level data from the European Social Survey (ESS) combined with NUTS-1 regional economic statistics.
Book ChapterDOI
Spatial Hedonic Models
Luc Anselin,Nancy Lozano-Gracia +1 more
TL;DR: In this paper, the authors provide a review of the principles underlying the hedonic house price model, and continue to extensively discuss spatial econometric aspects due to spatial models and spatial data specific to house price applications.
Journal ArticleDOI
Church-state separation and redistribution
John D. Huber,Piero Stanig +1 more
TL;DR: The authors argue that organized religion makes it possible for the rich and the religious poor to form electoral coalitions in favor of low taxes and limited redistribution, and they occur at the expense of the secular poor.
Journal ArticleDOI
An empirical analysis of the dynamics of the welfare state: the case of benefit morale
TL;DR: In this article, the dynamic effect of different welfare arrangements on benefit fraud was studied and the impact of the welfare state on the respective social norm, i.e. benefit morale, was analyzed.
Journal ArticleDOI
Skills, Productivity and the Evaluation of Teacher Performance
Tim R. Sass,Doug Harris +1 more
TL;DR: The authors found that principals' evaluations are positively associated with teachers' estimated contributions to students' test scores (value-added), and are better predictors of teacher value-added than are teacher credentials.
References
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Book
Statistical abstract of the United States
TL;DR: The Red River of the North basin of the Philippines was considered a part of the Louisiana Purchase by the United States Department of Commerce in the 1939 Census Atlas of the United Philippines as discussed by the authors.
Journal ArticleDOI
Elements of Econometrics.
Ian Domowitz,Jan Kmenta +1 more
TL;DR: The Elements of Econometrics as mentioned in this paper is a textbook for upper-level undergraduate and master's degree courses and may usefully serve as a supplement for traditional Ph.D. courses in economics.
Book
Elements of econometrics
TL;DR: The emphasis is on simplification whenever possible, assuming the readers know college algebra and basic calculus, and Jan Kmenta explains all methods within the simplest framework, and generalizations are presented as logical extensions of simple cases.
Journal ArticleDOI
Maximum Likelihood Approaches to Variance Component Estimation and to Related Problems
TL;DR: In this paper, the authors proposed a restricted maximum likelihood (reml) approach which takes into account the loss in degrees of freedom resulting from estimating fixed effects, and developed a satisfactory asymptotic theory for estimators of variance components.
Journal ArticleDOI
Random group effects and the precision of regression estimates
TL;DR: The authors analyzes several empirical examples to investigate the applicability of random effects models and the consequences of inappropriately using ordinary least squares (OLS) estimation in the presence of random group effects.