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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 causal parameters from their identification. He showed that causal parameters are de fined using hypothetical models that assign variation to some of the inputs determining...
Persistent link: https://www.econbiz.de/10010766377
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Data Issues and Databases Used in Analysis of Growth, Poverty and Economic Inequality
Heshmati, Almas - Institute for the Study of Labor (IZA) - 2004
This paper focuses on the importance data issues to the analysis of growth, poverty and economic inequality. We … introduce a number of major databases frequently used in applied research on growth, poverty and global and international …
Persistent link: https://www.econbiz.de/10005703204
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A Review of Decomposition of Income Inequality
Heshmati, Almas - Institute for the Study of Labor (IZA) - 2004
subgroups, income sources, causal factors and other unit characteristics. Different methods of decomposing changes in poverty … into growth, redistribution, poverty standard and residual components are described. In parametric approaches the dynamics … measures and expectations about their impacts on earnings inequality and poverty reductions. …
Persistent link: https://www.econbiz.de/10005566434
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Longitudinal Evidence for a Midlife Nadir in Human Well-being: Results from Four Data Sets
Cheng, Terence Chai; Powdthavee, Nattavudh; Oswald, … - Institute for the Study of Labor (IZA) - 2014
There is a large amount of cross-sectional evidence for a midlife low in the life cycle of human happiness and well-being (a 'U shape'). Yet no genuinely longitudinal inquiry has uncovered evidence for a U-shaped pattern. Thus some researchers believe the U is a statistical artefact. We...
Persistent link: https://www.econbiz.de/10010884289
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The Meaning of Failed Replications: A Review and Proposal
Clemens, Michael A. - Institute for the Study of Labor (IZA) - 2015
The welcome rise of replication tests in economics has not been accompanied by a single, clear definition of replication. A discrepant replication, in current usage of the term, can signal anything from an unremarkable disagreement over methods to scientific incompetence or misconduct. This...
Persistent link: https://www.econbiz.de/10011268328
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Decomposing the Composition Effect
Rothe, Christoph - Institute for the Study of Labor (IZA) - 2012
This paper proposes a decomposition of the composition effect, i.e. the part of the observed between-group difference in the distribution of some economic outcome that can be explained by differences in the distribution of covariates. Our decomposition contains three types of components: (i) the...
Persistent link: https://www.econbiz.de/10009653985
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The Stability of Big-Five Personality Traits
Cobb-Clark, Deborah A.; Schurer, Stefanie - Institute for the Study of Labor (IZA) - 2011
We use a large, nationally-representative sample of working-age adults to demonstrate that personality (as measured by the Big Five) is stable over a four-year period. Average personality changes are small and do not vary substantially across age groups. Intra-individual personality change is...
Persistent link: https://www.econbiz.de/10009283590
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Counterfactual Analysis in Macroeconometrics: An Empirical Investigation into the Effects of Quantitative Easing
Pesaran, M. Hashem; Smith, Ron P. - Institute for the Study of Labor (IZA) - 2012
This paper is concerned with ex ante and ex post counterfactual analyses in the case of macroeconometric applications where a single unit is observed before and after a given policy intervention. It distinguishes between cases where the policy change affects the model's parameters and where it...
Persistent link: https://www.econbiz.de/10010552953
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Adjusting Body Mass for Measurement Error with Invalid Validation Data
Courtemanche, Charles; Pinkston, Joshua C.; Stewart, Jay - Institute for the Study of Labor (IZA) - 2014
We propose a new method for using validation data to correct self-reported weight and height in surveys that do not weigh and measure respondents. The standard correction from prior research regresses actual measures on reported values using an external validation dataset, and then uses the...
Persistent link: https://www.econbiz.de/10010751642
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Two Economists’ Musings on the Stability of Locus of Control
Cobb-Clark, Deborah A.; Schurer, Stefanie - Institute for the Study of Labor (IZA) - 2011
Empirical studies of the role of non-cognitive skills in driving economic behavior often rely heavily on the assumption that these skills are stable over the relevant time frame. We analyze the change in a specific non-cognitive skill, i.e. locus of control, in order to directly assess the...
Persistent link: https://www.econbiz.de/10008924609