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Pesaran, M. Hashem; Timmermann, Allan - Institute for the Study of Labor (IZA) - 2004

This paper considers the problems facing decision makers using econometric models in real time. It identifies the key stages involved and highlights the role of automated systems in reducing the effect of data snooping. It sets out many choices that researchers face in construction of automated...

Persistent link: https://www.econbiz.de/10005763536

On the Estimation and Forecasting of International Migration: How Relevant Is Heterogeneity Across Countries?

Brücker, Herbert; Siliverstovs, Boriss - Institute for the Study of Labor (IZA) - 2005

This paper performs a comparative analysis of estimation as well as of out-of-sample forecasting results of more than … estimates of the migration function. Out-of-sample forecasting results indicate the following: (i) the standard fixed effects … variables estimators, (iv) forecasting performance of heterogenous estimators is mediocre in our data set. …

Persistent link: https://www.econbiz.de/10005703752

Forecasting Time Series Subject to Multiple Structural Breaks

Pesaran, M. Hashem; Pettenuzzo, Davide; Timmermann, Allan - Institute for the Study of Labor (IZA) - 2004

This paper provides a novel approach to forecasting time series subject to discrete structural breaks. We propose a …

Persistent link: https://www.econbiz.de/10005763710

Testing for Nonparametric Identification of Causal Effects in the Presence of a Quasi-Instrument

de Luna, Xavier; Johansson, Per - Institute for the Study of Labor (IZA) - 2012

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

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

Steady-State Labor Supply Elasticities: A Survey

Bargain, Olivier; Peichl, Andreas - Institute for the Study of Labor (IZA) - 2013

Previous reviews of static labor supply estimations concentrate mainly on the evidence from the 1980s and 1990s, Anglo-Saxon countries and early generations of labor supply modeling. This paper provides a fresh characterization of steady-state labor supply elasticities for Western Europe and the...

Persistent link: https://www.econbiz.de/10010884275

Structural Labor Supply Models and Wage Exogeneity

Loeffler, Max; Peichl, Andreas; Siegloch, Sebastian - Institute for the Study of Labor (IZA) - 2014

There is still considerable dispute about the magnitude of labor supply elasticities. While differences in micro and macro estimates are recently attributed to frictions and adjustment costs, we show that relatively low labor supply elasticities derived from microeconometric models can also be...

Persistent link: https://www.econbiz.de/10010884371

The Productivity Advantages of Large Cities: Distinguishing Agglomeration from Firm Selection

Combes, Pierre-Philippe; Duranton, Gilles; Gobillon, Laurent - Institute for the Study of Labor (IZA) - 2012

Firms are more productive on average in larger cities. Two main explanations have been offered: firm selection (larger cities toughen competition, allowing only the most productive to survive) and agglomeration economies (larger cities promote interactions that increase productivity), possibly...

Persistent link: https://www.econbiz.de/10011279326

Comparing Labor Supply Elasticities in Europe and the US: New Results

Bargain, Olivier; Orsini, Kristian; Peichl, Andreas - Institute for the Study of Labor (IZA) - 2012

We suggest the first large-scale international comparison of labor supply elasticities for 17 European countries and the US, separately by gender and marital status. Measurement differences are netted out by using a harmonized empirical approach and comparable data sources. We find that own-wage...

Persistent link: https://www.econbiz.de/10011252285

Resources and Standards in Urban Schools

Machin, Stephen; McNally, Sandra; Meghir, Costas - Institute for the Study of Labor (IZA) - 2007

Despite being central to government education policy in many countries, there remains considerable debate about whether resources matter for pupil outcomes. In this paper we look at this question by considering an English education policy initiative - Excellence in Cities - which has been a...

Persistent link: https://www.econbiz.de/10005233794

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