The Power of Bias in Economics Research
Abstract
We investigate two critical dimensions of the credibility of empirical economics research: statistical power and bias. We survey 159 empirical economics literatures that draw upon 64,076 estimates of economic parameters reported in more than 6,700 empirical studies. Half of the research areas have nearly 90% of their results under‐powered. The median statistical power is 18%, or less. A simple weighted average of those reported results that are...
Paper Details
Title
The Power of Bias in Economics Research
Published Date
Oct 1, 2017
Journal
Volume
127
Issue
605
Pages
F236 - F265
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