Showing 1 - 10 of 12
Instrumental Variables (IV) methods identify internally valid causal effects for individuals whose treatment status is manipulable by the instrument at hand. Inference for other populations requires some sort of homogeneity assumption. This paper outlines a theoretical framework that nests all...
Persistent link: https://www.econbiz.de/10012468990
The view that empirical strategies in economics should be transparent and credible now goes almost without saying. The local average treatment effects (LATE) framework for causal inference helped make this so. The LATE theorem tells us for whom particular instrumental variables (IV) and...
Persistent link: https://www.econbiz.de/10012938695
A longstanding question in the economics of the family is the relationship between sibship size and subsequent human capital formation and economic welfare. If there is a "quantity-quality trade-off," then policies that discourage large families should lead to increased human capital, higher...
Persistent link: https://www.econbiz.de/10012466836
Time series data are widely used to explore causal relationships, typically in a regression framework with lagged dependent variables. Regression-based causality tests rely on an array of functional form and distributional assumptions for valid causal inference. This paper develops a...
Persistent link: https://www.econbiz.de/10012467713
This paper introduces an instrumental variables estimator for the effect of a binary treatment on the quantiles of potential outcomes. The quantile treatment effects (QTE) estimator accommodates exogenous covariates and reduces to quantile regression as a special case when treatment status is...
Persistent link: https://www.econbiz.de/10012472370
Instrumental variables (IV) estimation of a demand equation using time series data is shown to produce a weighted … derivative estimation to models with endogenous regressors. The paper also shows how to compute the weights underlying IV …
Persistent link: https://www.econbiz.de/10012473812
The majority of armed forces veterans make use of the subsidized training and educational benefits provided by the Department of Veterans Affairs. The effect of veterans benefits on educational attainment am civilian earnings is estimated here using the Census Bureau's 1987 Survey of Veterans....
Persistent link: https://www.econbiz.de/10012475535
Many centralized matching schemes incorporate a mix of random lottery and non-lottery tie-breaking. A leading example is the New York City public school district, which uses criteria like test scores and interviews to generate applicant rankings for some schools, combined with lottery...
Persistent link: https://www.econbiz.de/10012453541
The education reform movement includes efforts to raise teacher quality through stricter certification and licensing provisions. Most US states now require public school teachers to pass a standardized test such as the National Teacher Examination. Although any barrier to entry is likely to...
Persistent link: https://www.econbiz.de/10012469155
We develop a flexible semiparametric time series estimator that is then used to assess the causal effect of monetary policy interventions on macroeconomic aggregates. Our estimator captures the average causal response to discrete policy interventions in a macro-dynamic setting, without the need...
Persistent link: https://www.econbiz.de/10012459297