Econometrica: Nov 1974, Volume 42, Issue 6

Errors in Variables and Other Unobservables

https://doi.org/0012-9682(197411)42:6<971:EIVAOU>2.0.CO;2-P
p. 971-998

Zvi Griliches

This lecture surveys the history and recent resurgence of interest in models with errors in variables and substantive unobservable variables. Among several examples of such models, special attention is paid to a schooling-occupation-income achievement model in which identification and estimation are based on the variance-components structure (across families) of the unobserved individual ability variable.

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