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The use of a hazard-based duration model for imputation of missing personal income data
Abstract This paper suggests using a proportional hazard model to predict personal income, for the purpose of imputing missing income data in household travel surveys. The model has a hazard function that comprises two multiplicative components: (1) a non-parametric baseline hazard function that is dependent only on the income level and (2) a function that is dependent only on the other personal attributes of the survey respondents (excluding income). To estimate and validate the model, data is drawn from a travel characteristics survey conducted in Hong Kong in year 2001. The model is found to have a much higher accuracy when compared with a conventional ordered probit model based on the assumption that the logarithm of income is normally distributed.
The use of a hazard-based duration model for imputation of missing personal income data
Abstract This paper suggests using a proportional hazard model to predict personal income, for the purpose of imputing missing income data in household travel surveys. The model has a hazard function that comprises two multiplicative components: (1) a non-parametric baseline hazard function that is dependent only on the income level and (2) a function that is dependent only on the other personal attributes of the survey respondents (excluding income). To estimate and validate the model, data is drawn from a travel characteristics survey conducted in Hong Kong in year 2001. The model is found to have a much higher accuracy when compared with a conventional ordered probit model based on the assumption that the logarithm of income is normally distributed.
The use of a hazard-based duration model for imputation of missing personal income data
Tong, C. O. (Autor:in) / Lee, Jackie K. L. (Autor:in)
Transportation ; 36
2009
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
BKL:
55.80$jVerkehrswesen$jTransportwesen: Allgemeines
/
55.80
Verkehrswesen, Transportwesen: Allgemeines
/
74.75$jVerkehrsplanung$jVerkehrspolitik
/
74.75
Verkehrsplanung, Verkehrspolitik
The use of a hazard-based duration model for imputation of missing personal income data
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