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This chapter uses the marginal treatment effect (MTE) to unify and organize the econometric literature on the evaluation of social programs. The marginal treatment effect is a choice-theoretic parameter that can be interpreted as a willingness to pay parameter for persons at a margin of...
Persistent link: https://www.econbiz.de/10005204049
This chapter relates the literature on the econometric evaluation of social programs to the literature in statistics on "causal inference". In it, we develop a general evaluation framework that addresses well-posed economic questions and analyzes agent choice rules and subjective evaluations of...
Persistent link: https://www.econbiz.de/10005286095
This chapter develops three topics. (1) Identification of the distributions of treatment effects and the distributions of agent subjective evaluations of treatment effects. Methods for identifying ex ante and ex post distributions are presented and empirical examples are given. (2)...
Persistent link: https://www.econbiz.de/10005204030
Persistent link: https://www.econbiz.de/10005204051
This paper considers the formulation and estimation of continuous time social science duration models. The focus is on new issues that arise in applying statistical models developed in biostatistics to analyze economic data and formulate economic models. Both single spell and multiple spell...
Persistent link: https://www.econbiz.de/10005204052
Persistent link: https://www.econbiz.de/10005052939
This paper presents and extends the index function model of Karl Pearson (1901) that underlies all recent models in labor econometrics. In this framework, censored, truncated and discrete random variables are interpreted as the manifestation of various sampling schemes for underlying index...
Persistent link: https://www.econbiz.de/10005122913