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The need for and use of panel data

Author

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  • Hans-Jürgen Andreß

    (University of Cologne, Germany)

Abstract

Stability and change are essential elements of social reality and economic progress. Cross-sectional surveys are a means of providing information on specific issues at a particular point in time, though without providing any information about the prevailing stability. Limited information on change can be obtained by retrospective questioning, but this is often impaired by “recall bias.” However, valid information on change is essential for assessing whether phenomena such as poverty are permanent or only temporary. Panel data analyses can address these problems as well as provide an essential tool for effective policy design.

Suggested Citation

  • Hans-Jürgen Andreß, 2017. "The need for and use of panel data," IZA World of Labor, Institute of Labor Economics (IZA), pages 352-352, April.
    • Handle: RePEc:iza:izawol:journl:2017:n:352
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    panel data; panel attrition; individual change; cohort analysis; omitted variable bias; selection;
    All these keywords.

    JEL classification:

    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General

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