Models for Measured Income
Keyword(s):
Measurement error can impact estimator precision, obscure estimated relationships between variables, and distort the estimated intertemporal behavior of important economic characteristics. A commonly known model for measurement error assumes that measured income is the product of true income and a multiplicative measurement error, which is distributed independently of the level of true income. Based on this model, we derive a collection of flexible parametric forms for the distribution of measured income. We feel that this work could serve as an important reference for measurement error modeling.
2021 ◽
2015 ◽
Vol 45
(4)
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pp. 463-470
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2010 ◽
Vol 101
(3)
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pp. 512-524
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2019 ◽
Vol 125
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pp. 97-106
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