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Dynamic Discrete Choice and Dynamic Treatment Effects

Heckman, James J.; Navarro, Salvador - Institute for the Study of Labor (IZA) - 2005

This paper considers semiparametric identiÞcation of structural dynamic discrete choice models and models for dynamic treatment effects. Time to treatment and counterfactual outcomes associated with treatment times are jointly analyzed. We examine the implicit assumptions of the dynamic...

Persistent link: https://www.econbiz.de/10005822506

Using Matching, Instrumental Variables and Control Functions to Estimate Economic Choice Models

Heckman, James J.; Navarro-Lozano, Salvador - Institute for the Study of Labor (IZA) - 2003

selection) in matching, instrumental variable and control functions methods. (2) It contrasts the roles of exclusion … restrictions in matching and selection models. (3) It characterizes the sensitivity of matching to the choice of conditioning …. (4) It demonstrates the problem of choosing the conditioning variables in matching and the failure of conventional model …

Persistent link: https://www.econbiz.de/10005703186

Earnings Functions, Rates of Return and Treatment Effects: The Mincer Equation and Beyond

Heckman, James J.; Lochner, Lance J.; Todd, Petra E. - Institute for the Study of Labor (IZA) - 2005

Numerous studies regress log earnings on schooling and report estimated coefficients as "Mincer rates of return". A more recent literature uses instrumental variables. This chapter considers the economic interpretation of these analyses and how the availability of repeated cross section and...

Persistent link: https://www.econbiz.de/10005763483