Questions tagged [micro-data]

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7
votes
1answer
108 views

What are good dataset alternatives to estimate value functions?

Suppose we want to estimate for many goods in the economy (or classifications thereof) the preferences of each household for these goods. We may want to restrict the analysis to specific utility ...
7
votes
1answer
310 views

Selecting the best utility function for households

I have little to no background in micro, but I'm learning about utility functions. It seems that there are many forms of utility functions for households. In general terms, how does one go on to ...
6
votes
2answers
12k views

In simple terms: what are the implications of homothetic and nonhomothetic consumer preferences?

I am looking for a simple explanation of the implication of having homothetic/nonhomethetic preferences in relation to consumers' preferences when consuming goods.
5
votes
2answers
836 views

Why do so many models assume homothetic preferences?

...when Engels Law, backed by a good amount empirical evidence, demonstrates that overall consumer preferences are not homothetic. See for example, Jorgenson (1997)
5
votes
2answers
121 views

How come the average studio rent in Vietnam is bigger than the average salary?

A studio in Ho Chi Minh city center : roughly 500 USD/month Average salary in Vietnam : 300 USD/month I have noticed the same thing in other "poor" countries : a studio rent is so expensive compared ...
4
votes
1answer
68 views

Distribution of firm sizes and firm age

What are public sources for US firm/plant sizes, in order to characterize the firm size distribution? And what are stylized facts about the firm size distribution: What does it approximate to? ...
4
votes
1answer
44 views

Longitudinal microdata on house migration patterns

I am looking for a database that has longitudinal microdata for housing migration patterns. Optimistically, the data would look something like: In 2006, Person #2341 made $X, was Y years old, and ...
2
votes
1answer
51 views

Can I treat pooled cross-section as panel data and do regression analysis?

I work with a large survey data that is pooled cross-section, i.e, people interviewed are randomly chosen in each time period. This is not panel data. But, I aggregate the individual cells according ...
2
votes
1answer
20 views

Where can I find data related to foreign remittances? [closed]

I am doing research related to remittances, where can i find a good source of data? Thanks
2
votes
2answers
46 views

Should I construct balanced data with only necessary variables or unbalanced data with many potentially usable variables?

When I construct panel data from large household surveys (say, World Bank's Living Standard Measurement Surveys), I try to construct data set with as many potentially usable variables as possible. ...
2
votes
0answers
84 views

Employment coding in the SIPP

The US Census Bureau's survey of income and program participation (SIPP) has, among others, the following variables: epdtbhn: Paid job during the reference period <...
2
votes
0answers
43 views

Why is the current WDI missing CPI data for some countries (including the UK and China)?

I'm downloading data on inflation in different countries, and using the World Bank's World Development Indicators (WDI). Specifically, the Consumer Price Index series (CPI). (http://data.worldbank.org/...
1
vote
1answer
55 views

Using a Logit model to predict unknown outcome

Usually when fitting a logit or probit model to data, one has a dependent binary outcome variable (say, university attendance = [0, 1]) and the usual set of independent variables (for the sake of it, ...
1
vote
1answer
97 views

Causes of interlocking directorship connections between firms

I need to interpret some empirical results telling me that firms (intended as profit-maximising entities) prefer to be controlled (e.g. through interlocking directorships) by smaller and less ...
1
vote
1answer
36 views

How to predict income n years after graduation using income dataset with age, but not graduation year?

I'm trying to predict the income of graduates of certain Master's programs n years after graduation, using the American Community Survey individual level dataset to calibrate my equation. It gives me ...
1
vote
0answers
29 views

Some issues with HRS (Health and Retirement Study) data

I am using the 1992 HRS (Health and Retirement Study) dataset. The codebook is available at http://hrsonline.isr.umich.edu/modules/meta/1992/core/codebook/14_h1.htm I am trying to construct the share ...
1
vote
0answers
26 views

Analyse the data of two responses while having two different scales

I am working on data analysis these days and stuck on analysis when I have to compare the two kinds of responses. First, I have data on the self assessment, I have asked students to rate them on a ...
0
votes
0answers
5 views

Computing net worth from US Survey of Consumer Finances microdata

The US Federal Reserve's Survey of Consumer Finances microdata includes components of net worth, but not the measure itself. The codebook for the 2016 SCF (latest) states: Summary variables (e.g., ...