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Mundlak (1978) proposed the addition of time averages to the usual panel equation in order to remove the fixed effects bias. We extend this Mundlak equation further by replacing the time-varying explanatory variables by the corresponding deviations from the averages over time, while keeping the...
Persistent link: https://www.econbiz.de/10013015010
Studies of the joint time-use decisions of spouses have relied on joint estimation of time-use equations, sometimes assuming correlated errors across spouses' equations and sometimes directly examining the effects of one spouse's time use on another's, relying on panel data or instrumental...
Persistent link: https://www.econbiz.de/10013056250
I review recent work in the statistics literature on instrumental variables methods from an econometrics perspective. I …
Persistent link: https://www.econbiz.de/10013056255
statistics and econometrics literatures. It has by now reached a level of maturity that makes it an important tool in many areas …
Persistent link: https://www.econbiz.de/10013325038
like wages or GDP growth. Applied econometrics has since evolved to prioritize the estimation of specific causal effects …
Persistent link: https://www.econbiz.de/10012963836
I discuss the econometrics and the economics of past research on the effects of minimum wages on employment in the … some insights from both theory and past evidence that may be informative about the effects of high minimum wages, and try …
Persistent link: https://www.econbiz.de/10012906474
This paper estimates peer effects in a university context where students are randomly assigned to sections. While students benefit from better peers on average, low-achieving students are harmed by high-achieving peers. Analyzing students' course evaluations suggests that peer effects are driven...
Persistent link: https://www.econbiz.de/10013012818
We study some recent developments and challenges in the empirics of the effects of social networks. We focus in particular on researchers' ability to make policy recommendations based on a standard linear econometric model. We examine the potential compatibility between this type of econometric...
Persistent link: https://www.econbiz.de/10013026409
This essay reviews progress in empirical economics since Leamer's (1983) critique. Leamer highlighted the benefits of sensitivity analysis, a procedure in which researchers show how their results change with changes in specification or functional form. Sensitivity analysis has had a salutary but...
Persistent link: https://www.econbiz.de/10013146843
Education policy-makers and practitioners want to know which policies and practices can best achieve their goals. But research that can inform evidence-based policy often requires complex methods to distinguish causation from accidental association. Avoiding econometric jargon and technical...
Persistent link: https://www.econbiz.de/10013148314