This paper provides conditions for identification and estimation of the conditional or unconditional average effect of a binary treatment or policy on a scalar outcome in models where treatment may be misclassified. Misclassification probabilities and the true probability of treatment are also...

When selection bias can purely be attributed to observables, several estimators have been discussed in the literature to estimate the average effect of a binary treatment or policy on a scalar outcome. Identification typically exploits the unconfoundedness of the treatment, which is verified if...

One of the lessons of the treatment effects literature is the lack of consensus about the ability of statistical and econometric methods to replicate experimental estimates. In this paper, we provide new evidence using an unusual unemployment insurance experiment that allows the identification...

Studies on growth performance and catch-up and convergence of countries require and make extensive use of internationally and temporally comparable data on real gross domestic product (GDP) expressed in a common currency unit. The International Comparison Program (ICP), a project supported by...

In this paper alternative approaches for testing the unit root hypothesis in panel data are considered. First, a robust version of the Dickey-Fuller t-statistic under contemporaneous correlated errors is suggested. Second, the GLS t-statistic is considered, which is based on the t-statistic of...

We propose a novel estimator for the stochastic discount factor (SDF) in a panel-data context. Under general conditions it depends exclusively on appropriate averages of asset returns, and its computation is a direct exercise, as long as one has enough observations to our asymptotic results. We...

In this paper, we match firm data to individual work history files in order to simultaneously estimate the wage and employment duration processes of a longitudinal sample of two million French workers employed in roughly one million firms and followed over twenty years. The particular structure...

In a simultaneous equations with error components framework, we analyze the institutions-growth relationship. We address individual heterogeneity in cross-country production functions, and endogeneize factor inputs in order to disentangle the direct and indirect effects of institutions on...

We investigate the relationship between exports and productivity in the Turkish apparel and motor vehicle and parts industries from 1990-1996, using two different models for plant-level panel data. In the first model, we examine the effect of past export status on current productivity both with...

In this paper we analyse contributions to a public good within an inter-generational framework where at the end of each session one generation of subjects leave advice for the succeeding generation via free form messages. Such advice can be private (advice left by one player in generation is...