EconPapers    
Economics at your fingertips  
 

Nonresponse in Panel Data: The Impact on Estimates of a Life Cycle Consumption Function

Theo Nijman and Marno Verbeek

Journal of Applied Econometrics, 1992, vol. 7, issue 3, 243-57

Abstract: If missing observations in a panel data set are not missing at random, many widely applied estimators may be inconsistent. In this paper the authors examine empirically several ways to reveal the nature and severity of the selectivity problem due to nonresponse, as well as a number of methods to estimate the resulting models. Using a life cycle consumption function and data from the Expenditure Index Panel from the Netherlands, they discuss simple procedures that can be used to assess whether observations are missing at random, and they consider more complicated estimation procedures that can be used to obtain consistent or efficient estimates in case of selectivity of attrition bias. Finally, some attention is paid to the differences in identification, consistency, and efficiency between inferences from a single wave of the panel, a balanced sub-panel, and an unbalanced panel. Copyright 1992 by John Wiley & Sons, Ltd.

Date: 1992
References: Add references at CitEc
Citations: View citations in EconPapers (127)

Downloads: (external link)
http://links.jstor.org/sici?sici=0883-7252%2819920 ... 0.CO%3B2-U&origin=bc full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jae:japmet:v:7:y:1992:i:3:p:243-57

Ordering information: This journal article can be ordered from
http://www3.intersci ... e.jsp?issn=0883-7252

Access Statistics for this article

Journal of Applied Econometrics is currently edited by M. Hashem Pesaran

More articles in Journal of Applied Econometrics from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley-Blackwell Digital Licensing () and Christopher F. Baum ().

 
Page updated 2025-03-19
Handle: RePEc:jae:japmet:v:7:y:1992:i:3:p:243-57