{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,5,29]],"date-time":"2026-05-29T18:38:14Z","timestamp":1780079894747,"version":"3.54.0"},"reference-count":44,"publisher":"The Econometric Society","issue":"3","license":[{"start":{"date-parts":[[2024,1,1]],"date-time":"2024-01-01T00:00:00Z","timestamp":1704067200000},"content-version":"unspecified","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by-nc\/4.0\/legalcode"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["QE"],"abstract":"<jats:p>Bias correction can often improve the finite sample performance of estimators. We show that the choice of bias correction method has no effect on the higher\u2010order variance of semiparametrically efficient parametric estimators, so long as the estimate of the bias is asymptotically linear. It is also shown that bootstrap, jackknife, and analytical bias estimates are asymptotically linear for estimators with higher\u2010order expansions of a standard form. In particular, we find that for a variety of estimators the straightforward bootstrap bias correction gives the same higher\u2010order variance as more complicated analytical or jackknife bias corrections. In contrast, bias corrections that do not estimate the bias at the parametric rate, such as the split\u2010sample jackknife, result in larger higher\u2010order variances in the i.i.d. setting we focus on. For both a cross\u2010sectional MLE and a panel model with individual fixed effects, we show that the split\u2010sample jackknife has a higher\u2010order variance term that is twice as large as that of the \u201cleave\u2010one\u2010out\u201d jackknife.<\/jats:p>","DOI":"10.3982\/qe2350","type":"journal-article","created":{"date-parts":[[2024,7,25]],"date-time":"2024-07-25T08:09:13Z","timestamp":1721894953000},"page":"783-816","source":"Crossref","is-referenced-by-count":7,"title":["Efficient bias correction for cross\u2010section and panel data"],"prefix":"10.3982","volume":"15","author":[{"given":"Jinyong","family":"Hahn","sequence":"first","affiliation":[{"name":"Department of Economics, U.C.L.A."}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"David W.","family":"Hughes","sequence":"additional","affiliation":[{"name":"Department of Economics, Boston College"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Guido","family":"Kuersteiner","sequence":"additional","affiliation":[{"name":"Department of Economics, University of Maryland"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Whitney K.","family":"Newey","sequence":"additional","affiliation":[{"name":"Department of Economics, M.I.T."},{"name":"NBER"}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"2359","published-online":{"date-parts":[[2024]]},"reference":[{"key":"quan200330-bib-0001","doi-asserted-by":"crossref","first-page":"123","DOI":"10.1111\/j.1467-842X.1983.tb01204.x","volume":"25","author":"Akahira","year":"1983","journal-title":"Australian Journal of Statistics"},{"key":"quan200330-bib-0002","first-page":"179","volume":"19","author":"Akahira","year":"1989","journal-title":"Journal of the Japan Statistical Society"},{"key":"quan200330-bib-0003","series-title":"Lecture Notes in Statistics","doi-asserted-by":"crossref","DOI":"10.1007\/978-1-4612-5927-5","volume-title":"Asymptotic Efficiency of Statistical Estimators: Concepts and Higher Order Asymptotic Efficiency","volume":"7","author":"Akahira","year":"1981"},{"key":"quan200330-bib-0004","doi-asserted-by":"crossref","first-page":"74","DOI":"10.1080\/00949655.2014.994516","volume":"86","author":"Alexander","year":"2016","journal-title":"Journal of Statistical Computation and Simulation"},{"key":"quan200330-bib-0005","doi-asserted-by":"crossref","first-page":"357","DOI":"10.1214\/aos\/1176345779","volume":"10","author":"Amari","year":"1982","journal-title":"Annals of Statistics"},{"key":"quan200330-bib-0006","doi-asserted-by":"crossref","first-page":"283","DOI":"10.1111\/j.2517-6161.1970.tb00842.x","volume":"32","author":"Andersen","year":"1970","journal-title":"Journal of the Royal Statistical Society, Series B"},{"key":"quan200330-bib-0007","first-page":"381","volume-title":"Advances in Economics and Econometrics: Theory and Applications, Ninth World Congress","volume":"3","author":"Arellano","year":"2010"},{"key":"quan200330-bib-0008","volume-title":"Handbook of Econometrics","volume":"5","author":"Arellano","year":"2001"},{"key":"quan200330-bib-0009","doi-asserted-by":"crossref","first-page":"1095","DOI":"10.1093\/restud\/rdy053","volume":"86","author":"Cattaneo","year":"2019","journal-title":"Review of Economic Studies"},{"key":"quan200330-bib-0010","volume-title":"Handbook of Econometrics","volume":"2","author":"Chamberlain","year":"1984"},{"key":"quan200330-bib-0011","doi-asserted-by":"crossref","first-page":"535","DOI":"10.3982\/ECTA8405","volume":"81","author":"Chernozhukov","year":"2013","journal-title":"Econometrica"},{"key":"quan200330-bib-0012","unstructured":"Czarnowske, Daniel and Amrei Stammann (2019), \u201cFixed effects binary choice models: Estimation and inference with long panels.\u201d arXiv preprint arXiv:1904.04217."},{"key":"quan200330-bib-0013","doi-asserted-by":"crossref","first-page":"991","DOI":"10.1093\/restud\/rdv007","volume":"82","author":"Dhaene","year":"2015","journal-title":"Review of Economic Studies"},{"issue":"1","key":"quan200330-bib-0014","doi-asserted-by":"crossref","first-page":"71","DOI":"10.1016\/j.jeconom.2009.02.007","volume":"150","author":"Fern\u00e1ndez-Val","year":"2009","journal-title":"Journal of Econometrics"},{"issue":"1","key":"quan200330-bib-0015","doi-asserted-by":"crossref","first-page":"109","DOI":"10.1146\/annurev-economics-080217-053542","volume":"10","author":"Fern\u00e1ndez-Val","year":"2018","journal-title":"Annual Review of Economics"},{"key":"quan200330-bib-0016","series-title":"NSF-CBMS Regional Conference Series in Probability and Statistics","doi-asserted-by":"crossref","DOI":"10.1214\/cbms\/1462297300","volume-title":"Higher Order Asymptotics","volume":"4","author":"Ghosh","year":"1994"},{"key":"quan200330-bib-0017","first-page":"506","volume":"8","author":"Ghosh","year":"1980","journal-title":"Annals of Statistics"},{"key":"quan200330-bib-0018","doi-asserted-by":"crossref","unstructured":"Hahn, Jinyong, David W. 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