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Author: Murtazashvili, Irina
Resulting in 1 citation.
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Hirukawa, Masayuki Murtazashvili, Irina Prokhorov, Artem |
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Yet Another Look at the Omitted Variable Bias Econometric Reviews published online (8 February 2023): DOI: 10.1080/07474938.2022.2157965. Also: https://www.tandfonline.com/doi/full/10.1080/07474938.2022.2157965 Cohort(s): Young Men Publisher: Taylor & Francis Group Keyword(s): Cognitive Ability; Missing Data/Imputation; Panel Study of Income Dynamics (PSID); Statistical Analysis; Wages; World of Work Test Permission to reprint the abstract has not been received from the publisher. When conducting regression analysis, econometricians often face the situation where some relevant regressors are unavailable in the data set at hand. This article shows how to construct a new class of nonparametric proxies by combining the original data set with one containing the missing regressors. Imputation of the missing values is done using a nonstandard kernel adapted to mixed data. We derive the asymptotic distribution of the resulting semiparametric two-sample estimator of the parameters of interest and show, using Monte Carlo simulations, that it dominates the solutions involving instrumental variables and other parametric alternatives. An application to the PSID and NLS data illustrates the importance of our estimation approach for empirical research. |
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Bibliography Citation
Hirukawa, Masayuki, Irina Murtazashvili and Artem Prokhorov. "Yet Another Look at the Omitted Variable Bias." Econometric Reviews published online (8 February 2023): DOI: 10.1080/07474938.2022.2157965.
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