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Causal Effects of Monetary Shocks: Semiparametric Conditional Independence Tests with a Multinomial Propensity Score

Angrist, Joshua; Kuersteiner, Guido M. - Institute for the Study of Labor (IZA) - 2008

effects is based on a selection-on-observables assumption, non-causality amounts to the conditional independence of outcomes … a time series setting. This leads to a generalized definition of Sims (1980) causality. A technical contribution is the …

Persistent link: https://www.econbiz.de/10005822414

Real Wages and the Business Cycle in Germany

Marczak, Martyna; Beissinger, Thomas - Institute for the Study of Labor (IZA) - 2010

This paper establishes stylized facts about the cyclicality of real consumer wages and real producer wages in Germany. As detrending methods we apply the deterministic trend model, the Beveridge-Nelson decomposition, the Hodrick-Prescott filter, the Baxter-King filter and the structural time...

Persistent link: https://www.econbiz.de/10008678691

Matching Methods in Practice: Three Examples

Imbens, Guido W. - Institute for the Study of Labor (IZA) - 2014

There is a large theoretical literature on methods for estimating causal effects under unconfoundedness, exogeneity, or selection-on-observables type assumptions using matching or propensity score methods. Much of this literature is highly technical and has not made inroads into empirical...

Persistent link: https://www.econbiz.de/10010884265

Policy Discontinuity and Duration Outcomes

den Berg, Gerard J. van; Bozio, Antoine; Costa Dias, Monica - Institute for the Study of Labor (IZA) - 2014

Causal effects of a policy change on hazard rates of a duration outcome variable are not identified from a comparison of spells before and after the policy change, if there is unobserved heterogeneity in the effects and no model structure is imposed. We develop a discontinuity approach that...

Persistent link: https://www.econbiz.de/10010959649

Parental Education and Offspring Outcomes: Evidence from the Swedish Compulsory Schooling Reform

Lundborg, Petter; Nilsson, Anton; Rooth, Dan-Olof - Institute for the Study of Labor (IZA) - 2012

In this paper, we exploit the Swedish compulsory schooling reform in order to estimate the causal effect of parental education on son's outcomes. We use data from the Swedish enlistment register on the entire population of males and focus on outcomes such as cognitive skills, non-cognitive...

Persistent link: https://www.econbiz.de/10011279264

Policy Evaluation and Economic Policy Advice

Schmidt, Christoph M. - Institute for the Study of Labor (IZA) - 2007

emergence of systematic policy evaluation, with its distinct focus on the establishment of causality. By contrast to the natural …

Persistent link: https://www.econbiz.de/10005233833

Integrating Personality Psychology into Economics

Heckman, James J. - Institute for the Study of Labor (IZA) - 2011

This paper reviews the problems and potential benefits of integrating personality psychology into economics. Economists have much to learn from and contribute to personality psychology.

Persistent link: https://www.econbiz.de/10009278194

The Effect of Disability on Labour Market Outcomes in Germany: Evidence from Matching

Lechner, Michael; Vazquez-Alvarez, Rosalia - Institute for the Study of Labor (IZA) - 2003

If labour market policies aimed at people with disabilities are effective, we should observe no significant difference in labour market outcomes between disable and non-disable individuals. This paper examines the impact of disability status on labour market outcomes using matching methods...

Persistent link: https://www.econbiz.de/10005761627

Nonparametric Tests for Treatment Effect Heterogeneity

Crump, Richard K.; Hotz, V. Joseph; Imbens, Guido W.; … - Institute for the Study of Labor (IZA) - 2006

A large part of the recent literature on program evaluation has focused on estimation of the average effect of the treatment under assumptions of unconfoundedness or ignorability following the seminal work by Rubin (1974) and Rosenbaum and Rubin (1983). In many cases however, researchers are...

Persistent link: https://www.econbiz.de/10005761749

Econometric Causality

Heckman, James J. - Institute for the Study of Labor (IZA) - 2008

parameters are defined and identified to address specific policy problems. Economists embrace a scientific approach to causality …. Anticipated and realized subjective and objective outcomes are distinguished. Models for simultaneous causality are developed. The … paper contrasts the Neyman-Rubin model of causality with the econometric approach. …

Persistent link: https://www.econbiz.de/10005703376

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