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The Impact of Labor Markets on the Transmission of Monetary Policy in an Estimated DSGE Model

Christoffel, Kai; Kuester, Keith; Linzert, Tobias - Institute for the Study of Labor (IZA) - 2005

Real wages are a key determinant of marginal costs. The latter themselves are a driving force of inflation. We ask how wages and labor market shocks feed into the inflation process. We model search and matching frictions in the labour market in an otherwise standard New- Keynesian closed economy...

Persistent link: https://www.econbiz.de/10005762079

Do Frictions Matter in the Labor Market? Accessions, Separations and Minimum Wage Effects

Dube, Arindrajit; Lester, T. William; Reich, Michael - Institute for the Study of Labor (IZA) - 2011

We measure labor market frictions using a strategy that bridges design-based and structural approaches: estimating an equilibrium search model using reduced-form minimum wage elasticities identified from border discontinuities and fitted with Bayesian and LIML methods. We begin by providing the...

Persistent link: https://www.econbiz.de/10009144857

Bayesian Procedures as a Numerical Tool for the Estimation of Dynamic Discrete Choice Models

Haan, Peter; Kemptner, Daniel; Uhlendorff, Arne - Institute for the Study of Labor (IZA) - 2012

apply Bayesian procedures as a numerical tool for the estimation of a female labor supply model based on a sample size which … Bayesian procedures can be a beneficial tool for the estimation of dynamic discrete choice models. …

Persistent link: https://www.econbiz.de/10011279342

Neighbourhood Effects Research at a Crossroads: Ten Challenges for Future Research

van Ham, Maarten; Manley, David - Institute for the Study of Labor (IZA) - 2012

Neighbourhood effects research is at a crossroads since current theoretical and empirical approaches do not seem to be moving the debate forward. In this paper, we present a set of ten challenges as a basis for a new research agenda which will give new direction to the neighbourhood effects...

Persistent link: https://www.econbiz.de/10011085106

Robust Confidence Intervals for Average Treatment Effects under Limited Overlap

Rothe, Christoph - Institute for the Study of Labor (IZA) - 2015

Estimators of average treatment effects under unconfounded treatment assignment are known to become rather imprecise if there is limited overlap in the covariate distributions between the treatment groups. But such limited overlap can also have a detrimental effect on inference, and lead for...

Persistent link: https://www.econbiz.de/10011125869

Causal Analysis after Haavelmo

Heckman, James J.; Pinto, Rodrigo - Institute for the Study of Labor (IZA) - 2013

Haavelmo's seminal 1943 paper is the first rigorous treatment of causality. In it, he distinguished the definition of … Acyclic Graphs (DAG) used in one influential recent approach to causality (Pearl, 2000) and in the related literature on … causality, a central contribution of Haavelmo (1944). In general cases, DAGs cannot be used to analyze models for simultaneous …

Persistent link: https://www.econbiz.de/10010766377

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

Education and Cancer Risk

Leuven, Edwin; Plug, Erik; Rønning, Marte - Institute for the Study of Labor (IZA) - 2014

There exists a strong educational gradient in cancer risk, which has been documented in a wide range of populations. Yet relatively little is known about the extent to which education is causally linked to cancer incidence and mortality. This paper exploits a large social experiment where an...

Persistent link: https://www.econbiz.de/10010744655

Health and Wealth of Elderly Couples: Causality Tests Using Dynamic Panel Data Models

Michaud, Pierre-Carl; van Soest, Arthur - Institute for the Study of Labor (IZA) - 2004

analyzes causality from health to wealth (health causation) and from wealth to health (wealth or social causation) for elderly … recently developed strategy using Granger causality tests of Adams et al. (2003, Journal of Econometrics) with tests for … causality in dynamic panel data models incorporating unobserved heterogeneity. While Adams et al. tests reject the hypothesis of …

Persistent link: https://www.econbiz.de/10005763570