Regression with imputed covariates: A generalized missing-indicator approach

A-Tier
Journal: Journal of Econometrics
Year: 2011
Volume: 162
Issue: 2
Pages: 362-368

Authors (3)

Dardanoni, Valentino (not in RePEc) Modica, Salvatore (not in RePEc) Peracchi, Franco (Istituto Einaudi per l'Economi...)

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

A common problem in applied regression analysis is that covariate values may be missing for some observations but imputed values may be available. This situation generates a trade-off between bias and precision: the complete cases are often disarmingly few, but replacing the missing observations with the imputed values to gain precision may lead to bias. In this paper, we formalize this trade-off by showing that one can augment the regression model with a set of auxiliary variables so as to obtain, under weak assumptions about the imputations, the same unbiased estimator of the parameters of interest as complete-case analysis. Given this augmented model, the bias-precision trade-off may then be tackled by either model reduction procedures or model averaging methods. We illustrate our approach by considering the problem of estimating the relation between income and the body mass index (BMI) using survey data affected by item non-response, where the missing values on the main covariates are filled in by imputations.

Technical Details

RePEc Handle
repec:eee:econom:v:162:y:2011:i:2:p:362-368
Journal Field
Econometrics
Author Count
3
Added to Database
2026-01-25