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On the Informativeness of Descriptive Statistics for Structural Estimates

Andrews, Isaiah - 2018

We propose a way to formalize the relationship between descriptive analysis and structural estimation. A researcher reports an estimate ĉ of a structural quantity of interest c that is valid under some models. The researcher also reports descriptive statistics γ̂ that estimate features γ of...

Persistent link: https://www.econbiz.de/10012480868

External Treatment Effects and Program Implementation Bias

Philipson, Tomas J. - 2000

economics applications: the impact of R&D subsidies, smoking prevention programs for youth, and the evaluation of HIV …

Persistent link: https://www.econbiz.de/10012471322

Causal Inference from Hypothetical Evaluations

Bernheim, Bert Douglas; Björkegren, Daniel; Naecker, … - National Bureau of Economic Research - 2021

This paper explores methods for inferring the causal effects of treatments on choices by combining data on real choices with hypothetical evaluations. We propose a class of estimators, identify conditions under which they yield consistent estimates, and derive their asymptotic distributions. The...

Persistent link: https://www.econbiz.de/10012794643

In Praise of Confidence Intervals

Romer, David - 2020

Most empirical papers in economics focus on two aspects of their results: whether the estimates are statistically …

Persistent link: https://www.econbiz.de/10012479196

Partial Identification and Inference for Dynamic Models and Counterfactuals

Kalouptsidi, Myrto - 2020

We provide a general framework for investigating partial identification of structural dynamic discrete choice models and their counterfactuals, along with uniformly valid inference procedures. In doing so, we derive sharp bounds for the model parameters, counterfactual behavior, and...

Persistent link: https://www.econbiz.de/10012479285

Shift-Share Designs : Theory and Inference

Adão, Rodrigo - 2018

We study inference in shift-share regression designs, such as when a regional outcome is regressed on a weighted average of observed sectoral shocks, using regional sector shares as weights. We conduct a placebo exercise in which we estimate the effect of a shift-share regressor constructed with...

Persistent link: https://www.econbiz.de/10012480598

Errors in Probabilistic Reasoning and Judgment Biases

Benjamin, Daniel J. - 2018

modern behavioral economics. This chapter reviews theory and evidence on this topic, with the goal of facilitating more … systematic study of belief biases and their integration into economics. The chapter discusses biases in beliefs about random …, pointing to areas of economics to which the biases are relevant, and highlighting some possible directions for future work …

Persistent link: https://www.econbiz.de/10012480852

Welfare Analysis Meets Causal Inference

Finkelstein, Amy - 2020

We describe a framework for empirical welfare analysis that uses the causal estimates of a policy's impact on net government spending. This framework provides guidance for which causal effects are (and are not) needed for empirical welfare analysis of public policies.The key ingredient is the...

Persistent link: https://www.econbiz.de/10012481188

Advances in Structural Vector Autoregressions with Imperfect Identifying Information

Baumeister, Christiane - 2020

This paper examines methods for structural interpretation of vector autoregressions when the identifying information is regarded as imperfect or incomplete. We suggest that a Bayesian approach offers a unifying theme for guiding inference in such settings. Among other advantages, the unified...

Persistent link: https://www.econbiz.de/10012481971

Bayesian and Frequentist Inference in Partially Identified Models

Moon, Hyungsik Roger - 2009

A large sample approximation of the posterior distribution of partially identified structural parameters is derived for models that can be indexed by a finite-dimensional reduced form parameter vector. It is used to analyze the differences between frequentist confidence sets and Bayesian...

Persistent link: https://www.econbiz.de/10012463765

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