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Surprising findings on what influences unintended pregnancy from Wise, Geronimus and Smock

Recommendations on how to reduce discrimination resulting from ban-the-box policies cite Starr's work

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Call for papers: Conference on computational social science, April 2017, U-M

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Post-doc fellowship in computational social science for summer or fall 2017, U-Penn

ICPSR Summer Program scholarships to support training in statistics, quantitative methods, research design, and data analysis

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Mon, March 13, 2017, noon:
Rachel Best

Implications of Mean-Reverting Measurement Error for Longitudinal Studies of Wages and Employment

Archived Abstract of Former PSC Researcher

Kim, B., and Gary Solon. 2005. "Implications of Mean-Reverting Measurement Error for Longitudinal Studies of Wages and Employment." Review of Economics and Statistics, 87(1): 193-196.

This note examines the implications of mean-reverting measurement error for two influential literatures based on longitudinal survey data: (1) the literature on real wage variation over the business cycle and (2) the literature on intertemporal substitution in labor supply. Accounting for mean-reverting measurement error suggests that real wages may be even more procyclical than indicated by recent longitudinal studies. We also find that the instrumental variables estimator commonly used in intertemporal substitution studies is inconsistent if changes in earnings and hours of work are measured with different degrees of mean reversion, but the magnitude of the resulting inconsistency appears to be small.

DOI:10.1162/0034653053327685 (Full Text)

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