Alternative Transformations to Handle Extreme Values of the Dependent Variable

Burbidge, John; Magee, Lonnie; Robb, Alicia

doi:10.2307/2288929

Cited by 225 publications

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“…Burbidge et al (1988) used the IHS transformation as an alternative to theBox and Cox (1964) for handling extreme values of the dependent variable. It has been previously used in the double-hurdle demand model byYen and Jones (1997) and as a functional form for SP data byLayton (2001).15 Note that unlike in the discrete choice models, in the multivariate censored regression model scale is fully recoverable as a result of having at least some uncensored observations.…”

mentioning

confidence: 99%

Payments for Ecosystem Services Programs: Predicting Landowner Enrollment and Opportunity Cost Using a Beta-Binomial Model

Layton

Siikamäki

2009

Environ Resource Econ

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confidence: 99%

Payments for Ecosystem Services Programs: Predicting Landowner Enrollment and Opportunity Cost Using a Beta-Binomial Model

Layton

Siikamäki

2009

Environ Resource Econ

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“…This supports the assumption that the instrument is not related to potential outcomes, and hence provides evidence in favor of 35 This is commonly used as a test to support the assumption of parallel trends, but in this case we want to study whether trends are related to the instrument (e.g., Barham 2011). 36 We transform the number of payment centers using the inverse hyperbolic function (see Burbidge, Magee, and Robb 1988). A justification for this is provided in subsection 4.B.…”

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confidence: 75%

“…Column (2) shows the results of estimating equation (1) through OLS including time and municipality fixed effects. Column (3) shows the results of regressing the log of age cohorts on the number of payment centers, transformed using the inverse hyperbolic function (see Burbidge, Magee, and Robb 1988). Column (4) shows the results of the first stage regression where we run a regression of enrollment rates on the number of payment centers.…”

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confidence: 99%

Paying Patients for Prenatal Care: The Effect of a Small Cash Transfer on Stillbirths and Survival

Martínez¹,

Celhay²,

Vidal³

et al. 2017

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work is licensed under a Creative Commons IGO 3.0 AttributionNonCommercial-NoDerivatives (CC-IGO BY-NC-ND 3.0 IGO) license (http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ legalcode) and may be reproduced with attribution to the IDB and for any non-commercial purpose, as provided below. No derivative work is allowed.Any dispute related to the use of the works of the IDB that cannot be settled amicably shall be submitted to arbitration pursuant to the UNCITRAL rules. The use of the IDB's name for any purpose other than for attribution, and the use of IDB's logo shall be subject to a separate written license agreement between the IDB and the user and is not authorized as part of this CC-IGO license.Following a peer review process, and with previous written consent by the Inter-American Development Bank (IDB), a revised version of this work may also be reproduced in any academic journal, including those indexed by the American Economic Association's EconLit, provided that the IDB is credited and that the author(s) receive no income from the publication. Therefore, the restriction to receive income from such publication shall only extend to the publication's author(s). With regard to such restriction, in case of any inconsistency between the Creative Commons IGO 3.0 Attribution-NonCommercial-NoDerivatives license and these statements, the latter shall prevail.Note that link provided above includes additional terms and conditions of the license.The opinions expressed in this publication are those of the authors and do not necessarily reflect the views of the Inter-American Development Bank, its Board of Directors, or the countries they represent. Abstract:We study the effects of conditional cash transfers to pregnant women on stillbirths and child survival in Bolivia. Payments are conditional on compliance with medically recommended prenatal care and skilled birth attendance. At a value equivalent to just 1% of monthly household consumption, the payments are the smallest amongst national cash transfer programs in Latin America. Using multiple data sources and empirical methods, we show that the intervention reduced the average rate of stillbirths by 9.5% to 22.3%, and increased the survival rates of birth cohorts exposed to the program by 3.5% to 16.8%. The causal pathways of these effects are consistent with evidence of increased utilization of recommended health care services, including early initiation of prenatal care (17%), at least four prenatal visits (16%), and skilled birth attendance (15%). Given the modest transfer amounts and considerable effects on health care utilization, we posit that final health outcomes are likely driven by the health care conditionality, rather than an income effect. The intervention is highly cost-effective, at $184.54 per DALY averted, making the program's pay-per-compliance design a promising policy alternative.JEL codes: H51, I12, I38, J18, O15.

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“…An alternative approach is to use the Inverse Hyperbolic Sine function (IHS). This approach, first suggested by Johnson (1949), and first applied to wealth equations by Burbridge et al (1988), has subsequently been used in wealth regressions by numerous authors (Carroll et al 2003;Cobb-Clark and Hildebrand 2006;Kapteyn and Pannis 2003;Pence 2006;Wenzlow et al 2004). The Inverse Hyperbolic Sine function is given by…”

Section: Methodsmentioning

confidence: 99%

The Effect of Retirement Date Expectations on Pre-retirement Wealth Accumulation: The Role of Gender and Bargaining Power in Married US Households

Romm

2014

J Fam Econ Iss

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This paper used seven waves of data from the US Health and Retirement Study to investigate the impact of expectations regarding the timing of retirement on preretirement wealth accumulation of married households. More specifically, the effect of married individuals' subjective beliefs of working full time after age 62 on household wealth was analyzed. Individuals' perceptions of the usual retirement age on the job was used as an instrument for their subjective beliefs of working full time after age 62. On a whole, the point estimates suggested that the responsiveness of married mens' saving behavior to retirement dates expectations was larger than that of married women. In particular, wealth of married households where men had the bargaining power in terms of being sole earners, exhibited the largest decrease in response to increases in subjective probabilities of working past age 62.

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Alternative Transformations to Handle Extreme Values of the Dependent Variable

Cited by 225 publications

References 0 publications

Payments for Ecosystem Services Programs: Predicting Landowner Enrollment and Opportunity Cost Using a Beta-Binomial Model

Payments for Ecosystem Services Programs: Predicting Landowner Enrollment and Opportunity Cost Using a Beta-Binomial Model

Paying Patients for Prenatal Care: The Effect of a Small Cash Transfer on Stillbirths and Survival

The Effect of Retirement Date Expectations on Pre-retirement Wealth Accumulation: The Role of Gender and Bargaining Power in Married US Households

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