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Gun Prevalence, Homicide Rates and Causality: A GMM Approach to Endogeneity Bias

Kleck, Gary; Kovandzic, Tomislav; Schaffer, Mark E - C.E.P.R. Discussion Papers - 2005

unlike nearly all previous such studies, we properly account for the endogeneity of gun ownership levels. We discuss the … three main sources of endogeneity bias - reverse causality (higher crime rates lead people to acquire guns for self … endogeneity problems. When the problem is ignored, gun levels are associated with higher rates of gun homicide; when the problem …

Persistent link: https://www.econbiz.de/10005123831

The Long-Run Educational Cost of World War II: An Example of Local Average Treatment Effect Estimation

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

An important component of the long-run cost of a war is the loss of human capital, suffered by children of schooling age who receive less education because of the war. This paper shows that in the European countries involved in World War II, children who were ten years old during the conflict...

Persistent link: https://www.econbiz.de/10005124013

International Trade and Child Labour: Cross-Country Evidence

Edmonds, Eric V; Pavcnik, Nina - C.E.P.R. Discussion Papers - 2004

for the endogeneity of trade and for cross-country income differences, the openness elasticity of child labour at cross …

Persistent link: https://www.econbiz.de/10005067495

Analyzing female labor supply -- Evidence from a Dutch tax reform

Bosch, Nicole; van der Klaauw, Bas - C.E.P.R. Discussion Papers - 2009

Among OECD countries, the Netherlands has average female labor force participation, but by far the highest rate of part-time work. This paper investigates the extent to which married women respond to financial incentives. We exploit the exogenous variation caused by a substantial Dutch tax...

Persistent link: https://www.econbiz.de/10005034759

Endogeneity of Currency Areas and Trade Blocs: Evidence from the Inter-war Period

Ritschl, Albrecht; Wolf, Nikolaus - C.E.P.R. Discussion Papers - 2003

members was already high. In OLS estimation, this would cause endogeneity bias. The present Paper employs both fixed …-effects and binary choice methods to trace endogeneity in the formation of historical currency arrangements. Studying the … formation of currency blocs in the 1930s, we find strong evidence of endogeneity. We work with country-group fixed effects and …

Persistent link: https://www.econbiz.de/10005504501

Theory and the Market after the Crisis: the Endogeneity of Financial Governance

Underhill, Geoffrey R D - C.E.P.R. Discussion Papers - 2010

The inheritance of contemporary financial economics invites us to consider financial stability as integral to a liberal market setting. The crisis however demonstrated that financial markets may prove highly dysfunctional in the absence of adequate mechanisms of regulation and governance. This...

Persistent link: https://www.econbiz.de/10008784732

Fatal Attraction? Access to Early Retirement and Mortality

Kuhn, Andreas; Wuellrich, Jean-Philippe; Zweimüller, Josef - C.E.P.R. Discussion Papers - 2010

We estimate the causal effect of early retirement on mortality for blue-collar workers. To overcome the problem of endogenous selection, we exploit an exogenous change in unemployment insurance rules in Austria that allowed workers in eligible regions to withdraw from the workforce up to 3.5...

Persistent link: https://www.econbiz.de/10008677238

The Economic Consequences of Social Network Structure

Jackson, Matthew O.; Rogers, Brian; Zenou, Yves - C.E.P.R. Discussion Papers - 2015

discuss the challenges of accounting for the endogeneity of networks in assessing the relationship between the patterns of …

Persistent link: https://www.econbiz.de/10011165640

Monetary policy responses to oil price fluctuations

Bodenstein, Martin; Guerrieri, Luca; Kilian, Lutz - C.E.P.R. Discussion Papers - 2012

The recent volatility in global commodity prices and in the price of oil, in particular, has created renewed interest in the question of how monetary policy makers should respond to oil price fluctuations. In this paper, we discuss why this question is ill-posed and has no general answer. The...

Persistent link: https://www.econbiz.de/10011083477

Giffen’s Good: A case of mistaken identification

Brunt, Liam - C.E.P.R. Discussion Papers - 2013

Giffen reported that, in the late nineteenth century, English wheat consumption rose when its price increased – the first recorded “Giffen good”. Using Giffen’s data, I explain how he reached his conclusion. I then show that his analysis was faulty: price elasticity of demand appears...

Persistent link: https://www.econbiz.de/10011084480