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Fisher-Schultz Lecture : Linear Estimation of Structural and Causal Effects for Nonseparable Panel Data

Chernozhukov, Victor; Deaner, Ben; Gao, Ying; Hausman, … - National Bureau of Economic Research - 2025

This paper develops linear estimators for structural and causal parameters in nonparametric,nonseparable models using panel data. These models incorporate unobserved, time-varying, individual heterogeneity, which may be correlated with the regressors. Estimation is based on an approximation of...

Persistent link: https://www.econbiz.de/10015194971

Missing Data in Asset Pricing Panels

Freyberger, Joachim; Höppner, Björn; Neuhierl, Andreas; … - National Bureau of Economic Research - 2022

Missing data for return predictors is a common problem in cross sectional asset pricing. Most papers do not explicitly discuss how they deal with missing data but conventional treatments focus on the subset of firms with no missing data for any predictor or impute the unconditional mean. Both...

Persistent link: https://www.econbiz.de/10013477253

Identification of Non-Additive Fixed Effects Models : Is the Return to Teacher Quality Homogeneous?

Hahn, Jinyong; Singleton, John D.; Yildiz, Neşe - National Bureau of Economic Research - 2023

Panel or grouped data are often used to allow for unobserved individual heterogeneity in econometric models via fixed effects. In this paper, we discuss identification of a panel data model in which the unobserved heterogeneity both enters additively and interacts with treatment variables. We...

Persistent link: https://www.econbiz.de/10014322772

Handling Endogenous Marketing Mix Regressors in Correlated Heterogeneous Panels with Copula Augmented Mean Group Estimation

Yang, Liying; Qian, Yi; Xie, Hui - National Bureau of Economic Research - 2024

Endogeneity is a primary concern when evaluating causal effects using observational panel data. While unit-specific intercepts control for unobserved time-invariant confounders, dependence between (i) regressors (e.g., marketing mix strategy of interests) and the current error term (regressor...

Persistent link: https://www.econbiz.de/10015171668

A Practical Guide to Endogeneity Correction Using Copulas

Qian, Yi; Koschmann, Anthony; Xie, Hui - National Bureau of Economic Research - 2024

Causal inference is of central interests in many empirical applications yet often challenging because of the presence of endogenous regressors. The classical approach to the problem requires using instrumental variables that must satisfy the stringent condition of exclusion restriction. At the...

Persistent link: https://www.econbiz.de/10014512085

A Local Projections Approach to Difference-in-Differences Event Studies

Dube, Arindrajit; Girardi, Daniele; Jordà, Òscar; … - National Bureau of Economic Research - 2023

Many of the challenges in the estimation of dynamic heterogeneous treatment effects can be resolved with local projection (LP) estimators of the sort used in applied macroeconometrics. This approach provides a convenient alternative to the more complicated solutions proposed in the recent...

Persistent link: https://www.econbiz.de/10014250201

The Power of Inclusive Labor Force Participation for Mitigating Population Aging : Closing Gaps at the Intersection Between Race/Ethnicity and Gender in the United States

Böheim, René; Horvath, Thomas; Leoni, Thomas; … - National Bureau of Economic Research - 2024

population growth. The downstream effects of removing disparities in population health and educational attainment on labor force …

Persistent link: https://www.econbiz.de/10014576619

Skewed Fluctuations and Propagation Through Production Networks

Kamepalli, Sai Krishna; Ng, Serena; Ruge-Murcia, Francisco - National Bureau of Economic Research - 2025

coskewness due to the higher order covariation between components. An analysis of output growth in 43 U.S. sectors shows that …

Persistent link: https://www.econbiz.de/10015398153

Technology and Labor Displacement : Evidence from Linking Patents with Worker-Level Data

Kogan, Leonid; Papanikolaou, Dimitris; Schmidt, Lawrence; … - National Bureau of Economic Research - 2023

tasks. Using US administrative data, we show that both measures negatively predict earnings growth of individual incumbent …

Persistent link: https://www.econbiz.de/10014436977

New Views Of Structural Transformation : Insights From Recent Literature

Gollin, Douglas; Kaboski, Joseph Paul - National Bureau of Economic Research - 2023

growth with micro data and analysis. This literature focuses on a set of related patterns of change that accompany the … processes of growth and development. Traditionally, the focus has been on industrialization - and more broadly the reallocation … the growth process. In broadening the understanding of structural transformation - to encompass processes beyond …

Persistent link: https://www.econbiz.de/10014437036