PSID7682: PSID Earnings Panel Data (1976-1982)
In AER: Applied Econometrics with R

PSID7682

R Documentation

PSID Earnings Panel Data (1976–1982)

Description

Panel data on earnings of 595 individuals for the years 1976–1982, originating from the Panel Study of Income Dynamics.

Usage

data("PSID7682")

Format

A data frame containing 7 annual observations on 12 variables for 595 individuals.

experience: Years of full-time work experience.
weeks: Weeks worked.
occupation: factor. Is the individual a white-collar ("white") or blue-collar ("blue") worker?
industry: factor. Does the individual work in a manufacturing industry?
south: factor. Does the individual reside in the South?
smsa: factor. Does the individual reside in a SMSA (standard metropolitan statistical area)?
married: factor. Is the individual married?
gender: factor indicating gender.
union: factor. Is the individual's wage set by a union contract?
education: Years of education.
ethnicity: factor indicating ethnicity. Is the individual African-American ("afam") or not ("other")?
wage: Wage.
year: factor indicating year.
id: factor indicating individual subject ID.

Details

The data were originally analyzed by Cornwell and Rupert (1988) and employed for assessing various instrumental-variable estimators for panel models (including the Hausman-Taylor model). Baltagi and Khanti-Akom (1990) reanalyzed the data, made corrections to the data and also suggest modeling with a different set of instruments.

PSID7682 is the version of the data as provided by Baltagi (2005), or Greene (2008).

Baltagi (2002) just uses the cross-section for the year 1982, i.e., subset(PSID7682, year == "1982"). This is also available as a standalone data set PSID1982 because it was included in AER prior to the availability of the full PSID7682 panel version.

Source

Online complements to Baltagi (2005).

http://www.wiley.com/legacy/wileychi/baltagi3e/data_sets.html

Also provided in the online complements to Greene (2008), Table F9.1.

https://pages.stern.nyu.edu/~wgreene/Text/Edition6/tablelist6.htm

References

Baltagi, B.H., and Khanti-Akom, S. (1990). On Efficient Estimation with Panel Data: An Empirical Comparison of Instrumental Variables Estimators. Journal of Applied Econometrics, 5, 401–406.

Baltagi, B.H. (2001). Econometric Analysis of Panel Data, 2nd ed. Chichester, UK: John Wiley.

Baltagi, B.H. (2002). Econometrics, 3rd ed. Berlin, Springer.

Baltagi, B.H. (2005). Econometric Analysis of Panel Data, 3rd ed. Chichester, UK: John Wiley.

Cornwell, C., and Rupert, P. (1988). Efficient Estimation with Panel Data: An Empirical Comparison of Instrumental Variables Estimators. Journal of Applied Econometrics, 3, 149–155.

Greene, W.H. (2008). Econometric Analysis, 6th ed. Upper Saddle River, NJ: Prentice Hall.

Examples


data("PSID7682")

library("plm")
psid <- pdata.frame(PSID7682, c("id", "year"))

## Baltagi & Khanti-Akom, Table I, column "HT"
## original Cornwell & Rupert choice of exogenous variables
psid_ht1 <- plm(log(wage) ~ weeks + south + smsa + married +
  experience + I(experience^2) + occupation + industry + union + gender + ethnicity + education |
  weeks + south + smsa + married + gender + ethnicity,
  data = psid, model = "ht")

## Baltagi & Khanti-Akom, Table II, column "HT"
## alternative choice of exogenous variables
psid_ht2 <- plm(log(wage) ~ occupation + south + smsa + industry +
  experience + I(experience^2) + weeks + married + union + gender + ethnicity + education |
  occupation + south + smsa + industry + gender + ethnicity,
  data = psid, model = "ht")

## Baltagi & Khanti-Akom, Table III, column "HT"
## original choice of exogenous variables + time dummies
## (see also Baltagi, 2001, Table 7.1)
psid$time <- psid$year
psid_ht3 <- plm(log(wage) ~ weeks + south + smsa + married + experience + I(experience^2) +
  occupation + industry + union + gender + ethnicity + education + time |
  weeks + south + smsa + married + gender + ethnicity + time,
  data = psid, model = "ht")

AER documentation built on Sept. 28, 2024, 9:07 a.m.