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The Estimation of Linear Models with Future Rational Expectations by Efficient and Instrumental Variable Methods

Wickens, Michael R. - C.E.P.R. Discussion Papers - 1986

This paper considers the estimation of a number of commonly used single-equation linear models, all of which have … proposed in each case. The choice of estimation method is usually represented as a trade-off between efficiency on the one hand … of an efficient estimation method depends on whether or not the model has a unique solution and often this will not be …

Persistent link: https://www.econbiz.de/10005656310

More Schooling, More Children: Compulsory Schooling Reforms and Fertility in Europe

Fort, Margherita; Schneeweis, Nicole; Winter-Ebmer, Rudolf - C.E.P.R. Discussion Papers - 2011

We study the relationship between education and fertility, exploiting compulsory schooling reforms in Europe as source of exogenous variation in education. Using data from 8 European countries, we assess the causal effect of education on the number of biological kids and the incidence of...

Persistent link: https://www.econbiz.de/10009324255

Intrafamily Resource Allocations: A Dynamic Model of Birth Weight

del Bono, Emilia; Ermisch, John F; Francesconi, Marco - C.E.P.R. Discussion Papers - 2008

This paper estimates a model of dynamic intrahousehold investment behavior which incorporates family fixed effects and child endowment heterogeneity. This framework is applied to large American and British survey data on birth outcomes, with focus on the effects of antenatal parental smoking and...

Persistent link: https://www.econbiz.de/10005662165

Cyclical Productivity in Europe and the United States, Evaluating the Evidence on Returns to Scale and Input Utilization

Inklaar, Robert - C.E.P.R. Discussion Papers - 2006

This paper studies procyclical productivity growth at the industry level in the U.S. and in three European countries (France, Germany and the Netherlands). Industry-specific demand-side instruments are used to examine the prevalence of non-constant returns to scale and unmeasured input...

Persistent link: https://www.econbiz.de/10005791211

Urban Growth and Transportation

Duranton, Gilles; Turner, Matthew A - C.E.P.R. Discussion Papers - 2008

period. To estimate these effects we rely on an instrumental variables estimation which uses a 1947 plan of the interstate …

Persistent link: https://www.econbiz.de/10005792014

The Endogeneity of the Optimum Currency Area Criteria

Frankel, Jeffrey A; Rose, Andrew K - C.E.P.R. Discussion Papers - 1996

A country’s suitability for entry into a currency union depends on a number of economic conditions. These include, inter alia, the intensity or trade with other potential members of the currency union, and the extent to which domestic business cycles are correlated with those of the other...

Persistent link: https://www.econbiz.de/10005792116

Lower and Upper Bounds of Returns to Schooling: An Exercise in IV estimation with Different Instruments

Ichino, Andrea; Winter-Ebmer, Rudolf - C.E.P.R. Discussion Papers - 1998

Several recent studies based on 'exogenous' sources of variation in education outcomes show Instrumental Variables (IV) estimates of returns to schooling that are substantially higher than the corresponding Ordinary Least Squares (OLS) estimates. Card (1995a) suggests that these results can be...

Persistent link: https://www.econbiz.de/10005792345

Factor-GMM Estimation with Large Sets of Possibly Weak Instruments

Kapetanios, George; Marcellino, Massimiliano - C.E.P.R. Discussion Papers - 2010

This paper analyses the use of factor analysis for instrumental variable estimation when the number of instruments …-GMM estimation, which is also easily implemented. …

Persistent link: https://www.econbiz.de/10008468588

Estimation of Class-Size Effects, Using 'Maimonides' Rule': The Case of French Junior High Schools

Gary-Bobo, Robert J.; Mahjoub, Mohamed Badrane - C.E.P.R. Discussion Papers - 2006

Using a rich sample of students from French junior high schools with a panel structure, we obtain small but significant and negative effects of class size on probabilities of educational success, in grades 6 and 7. An 8 to 10 student reduction of class size puts the child of a non-educated...

Persistent link: https://www.econbiz.de/10005123884

Evaluating An Innovative Redundancy-Retraining Project: The Austrian Steel Foundation

Winter-Ebmer, Rudolf - C.E.P.R. Discussion Papers - 2001

This Paper evaluates an Austrian manpower training programme, which is highly innovative in its content and financing - and could therefore serve as a role model for other programmes. In the late 1980s privatization and downsizing of nationalized steel firms have led to large-scale redundancies....

Persistent link: https://www.econbiz.de/10005136662