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Abbring, Jaap H. (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003637508

Evaluating marginal policy changes and the average effect of treatment for individuals at the margin

Carneiro, Pedro; Heckman, James J.; Vytlacil, Edward - 2009

This paper develops methods for evaluating marginal policy changes. We characterize how the effects of marginal policy changes depend on the direction of the policy change, and show that marginal policy effects are fundamentally easier to identify and to estimate than conventional treatment...

Persistent link: https://www.econbiz.de/10003869267

Quantile and probability curves without crossing

Chernozhukov, Victor (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003454059

Sparse models and methods for optimal instruments with an application to eminent domain

Belloni, A.; Chen, D.; Chernozhukov, Victor; Hansen, … - 2010

sample size, n. We rigorously develop asymptotic distribution and inference theory for the resulting IV estimators and … functions which are of independent theoretical and practical interest. Specifically, we develop the asymptotic theory for these … innovatively using moderate deviation theory for self-normalized sums, we provide convergence rates for these estimators that are …

Persistent link: https://www.econbiz.de/10008695561

Estimating the technology of cognitive and noncognitive skill formation

Cunha, Flávio; Heckman, James J.; Schennach, Susanne M. - 2010

This paper formulates and estimates multistage production functions for children's cognitive and noncognitive skills. Skills are determined by parental environments and investments at different stages of childhood. We estimate the elasticity of substitution between investments in one period and...

Persistent link: https://www.econbiz.de/10003989930

Testing the correlated random coefficient model

Heckman, James J.; Schmierer, Daniel; Urzua, Sergio - 2010

The recent literature on instrumental variables (IV) features models in which agents sort into treatment status on the basis of gains from treatment as well as on baselinepretreatment levels. Components of the gains known to the agents and acted on by them may not be known by the observing...

Persistent link: https://www.econbiz.de/10003989944

Rearranging Edgeworth-Cornish-Fisher expansions

Chernozhukov, Victor (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003519177

Program evaluation with high-dimensional data

Belloni, Alexandre; Chernozhukov, Victor; … - 2015 - This version: September 20, 2015

In this paper, we provide efficient estimators and honest confidence bands for a variety of treatment effects including local average (LATE) and local quantile treatment effects (LQTE) in data-rich environments. We can handle very many control variables, endogenous receipt of treatment,...

Persistent link: https://www.econbiz.de/10011337681

Quantile models with endogeneity

Chernozhukov, Victor; Hansen, Christian Bailey - 2013

In this article, we review quantile models with endogeneity. We focus on models that achieve indentification through the use of instrumental variables and discuss conditions under which partial and point identification are obtained. We discuss key conditions, which include monotonicity and...

Persistent link: https://www.econbiz.de/10009747939

Inference for high-dimensional sparse econometric models

Belloni, Alexandre; Chernozhukov, Victor; Hansen, … - 2011

This article is about estimation and inference methods for high dimensional sparse (HDS) regression models in econometrics. High dimensional sparse models arise in situations where many regressors (or series terms) are available and the regression function is well-approximated by a parsimonious,...

Persistent link: https://www.econbiz.de/10009419335