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Historical Statistics of the United States is the premier source of quantitative evidence on American economic, social, political, demographic, and institutional history. Introduced in 1949 as a time-series supplement to the Statistical Abstract of the United States, it has inspired similar...
Persistent link: https://www.econbiz.de/10005703148
This paper extends the cross sectionally augmented panel unit root test proposed by Pesaran (2007) to the case of a multifactor error structure. The basic idea is to exploit information regarding the unobserved factors that are shared by other time series in addition to the variable under...
Persistent link: https://www.econbiz.de/10005762413
tests are useful, for example, when testing for predictability of one sequence of discrete random variables by means of …
Persistent link: https://www.econbiz.de/10005763908
The identification of average causal effects of a treatment in observational studies is typically based either on the unconfoundedness assumption or on the availability of an instrument. When available, instruments may also be used to test for the unconfoundedness assumption (exogeneity of the...
Persistent link: https://www.econbiz.de/10010990937
We use a natural experiment to show that the presence of an external examiner in standardized school tests reduces the proportion of correct answers in monitored classes by 5.5 to 8.5% – depending on the grade and the test – with respect to classes in schools with no external monitor. We...
Persistent link: https://www.econbiz.de/10010814463
Do students perform better on statewide assessments in years in which they have more school days to prepare? We explore this question using data on math and reading assessments taken by students in the 3rd, 5th and 8th grades since 1994 in Maryland. Our identification strategy is rooted in the...
Persistent link: https://www.econbiz.de/10005822951
The recent literature on instrumental variables (IV) features models in which agents sort into treatment status on the basis of gains from treatment as well as on baseline-pretreatment levels. Components of the gains known to the agents and acted on by them may not be known by the observing...
Persistent link: https://www.econbiz.de/10008527326
We examine the dynamic evolution of incomes, both disposable and gross, for several groups in the PSID panel data at several points from 1968 to 1997. We employ the extended Kolmogorov-Smirnov tests of First and Second Order Stochastic Dominance (SD) as implemented by Maasoumi and Heshmati...
Persistent link: https://www.econbiz.de/10005761884
nonparametric testing tools for data consistency with special cases of the collective model, which impose specific structure on the … preferences of the group members (in terms of consumption externalities and public consumption); and we show that these testing … income shares that underlie observed (collectively rational) group behavior. In addition, we present formally similar testing …
Persistent link: https://www.econbiz.de/10005762164
In the scant literature on partners' joint retirement decisions one of the explanations for joint retirement is externalities in leisure. In this study, we investigate how retirement affects the hours of leisure together of individuals in a couple. Exploiting the law on retirement age in France,...
Persistent link: https://www.econbiz.de/10010884286