Showing 1 - 10 of 58
Method of Simulated Moments (MSM) estimators introduced by McFadden (1989)and Pakes and Pollard (1989) are of great use to applied economists. They are relatively easy to use even for estimating very complicated economic models. One simply needs to generate simulated data according to the model...
Persistent link: https://www.econbiz.de/10012470372
Analyses of self-reported-well-being (SWB) survey data may be confounded if people use response scales differently. We use calibration questions, designed to have the same objective answer across respondents, to measure dimensional (i.e., specific to an SWB dimension) and general (i.e., common...
Persistent link: https://www.econbiz.de/10014372485
that are important to consider in the design of such experiments. We also provide a discussion of existing extensions of …
Persistent link: https://www.econbiz.de/10012938719
Audit correspondence studies are field experiments that test for discriminatory behavior in active markets. Researchers measure discrimination by comparing how responsive individuals ("audited units") are to correspondences from different types of people. This paper elaborates on the tradeoffs...
Persistent link: https://www.econbiz.de/10012510596
Economic data engineering deliberately designs novel forms of data to solve fundamental identification problems associated with economic models of choice. I outline three diverse applications: to the economics of information; to life-cycle employment, earnings, and spending; and to public policy...
Persistent link: https://www.econbiz.de/10012660056
Linear panel models, and the "event-study plots" that often accompany them, are popular tools for learning about policy effects. We discuss the construction of event-study plots and suggest ways to make them more informative. We examine the economic content of different possible identifying...
Persistent link: https://www.econbiz.de/10012616618
This paper tests the retrieved context model of Wachter and Kahana (2019) using a long-term panel of economic forecasts by participants in the Livingston Survey. Events in historical time contribute additional explanatory power to a relative time series model. Historical precedents for current...
Persistent link: https://www.econbiz.de/10013172148
In many health domains, we are concerned that observed links - for example, between "healthy" behaviors and good outcomes - are driven by selection into behavior. This paper considers the additional factor that these selection patterns may vary over time. When a particular health behavior...
Persistent link: https://www.econbiz.de/10012480876