Nonresponse in panel data: The impact on estimates of a life cycle consumption function
利用荷兰支出指数面板数据，实证检验了面板数据中无应答导致的样本选择问题对生命周期消费函数估计的影响，并比较了多种处理方法的优劣。
Abstract If missing observations in a panel data set are not missing at random, many widely applied estimators may be inconsistent. In this paper we 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, we discuss simple procedures that can be used to assess whether observations are missing at random, and we 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.