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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

Valid post-selection and post-regularization inference : an elementary, general approach

Chernozhukov, Victor; Hansen, Christian Bailey; … - 2016

based on testing or point estimation methods will be regular despite selection or regularization biases occurring in … estimation of the high-dimensional nuisance parameter. The results may be applied to establish uniform validity of post … "immunized" estimating equations that are locally insensitive to small mistakes in estimation of the high-dimensional nuisance …

Persistent link: https://www.econbiz.de/10011524714

Testing regression monotonicity in econometric models

Chetverikov, Denis - 2012

Monotonicity is a key qualitative prediction of a wide array of economic models derived via robust comparative statics. It is therefore important to design effective and practical econometric methods for testing this prediction in empirical analysis. This paper develops a general nonparametric...

Persistent link: https://www.econbiz.de/10009667989

Testing for a general class of functional inequalities

Lee, Sokbae; Song, Kyungchul; Whang, Yoon-jae - 2014

In this paper, we propose a general method for testing inequality restrictions on nonparametric functions. Our framework includes many nonparametric testing problems in a uni ed framework, with a number of possible applications in auction models, game theoretic models, wage inequality, and...

Persistent link: https://www.econbiz.de/10010254852

Testing exogeneity in nonparametric instrumental variables identified by conditional quantile restrictions

Fu, Jia-Young Michael; Horowitz, Joel; Parey, Matthias - 2015

nonparametric estimation of this function. The latter property is important because, owing to the ill-posed inverse problem, a test …

Persistent link: https://www.econbiz.de/10011350133

Tenure, experience, human capital and wages : a tractable equilibrium search model of wage dynamics

Bagger, Jesper; Fontaine, François; Postel-Vinay, Fabien; … - 2014 - rev.

We develop and estimate an equilibrium job search model of worker careers, allowing for human capital accumulation, employer heterogeneity and individual-level shocks. Career wage growth is decomposed into the contributions of human capital and job search, within and between jobs. Human capital...

Persistent link: https://www.econbiz.de/10010254832

A simple test of completeness in a class of nonparametric specification

Hu, Yingyao; Shiu, Ji-Liang - 2021

This paper provides a test for completeness in a class of nonparametric specification with an additive and independent error term. It is known that such a nonparametric location family of functions is complete if and only if the characteristic function of the error term has no zeros on the real...

Persistent link: https://www.econbiz.de/10012589473

Powerful t-tests in the presence of nonclassical measurement error

Kim, Dongwoo; Wilhelm, Daniel - 2021

This paper proposes a powerful alternative to the t-test in linear regressions when a regressor is mismeasured. We assume there is a second contaminated measurement of the regressor of interest. We allow the two measurement errors to be nonclassical in the sense that they may both be correlated...

Persistent link: https://www.econbiz.de/10012500537

Revealed price preference : theory and empirical analysis

Deb, Rahul; Kitamura, Yuichi; Quah, John K.-H.; Stoye, Jörg - 2021

To determine the welfare implications of price changes in demand data, we introduce a revealed preference relation over prices. We show that the absence of cycles in this relation characterizes a consumer who trades off the utility of consumption against the disutility of expenditure. Our model...

Persistent link: https://www.econbiz.de/10012508665

Permutation tests for equality of distributions of functional data

Bugni, Federico A.; Horowitz, Joel - 2021

Economic data are often generated by stochastic processes that take place in continuous time, though observations may occur only at discrete times. For example, electricity and gas consumption take place in continuous time. Data generated by a continuous time stochastic process are called...

Persistent link: https://www.econbiz.de/10012436894