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Recent developments in the econometrics of program evaluation
Imbens, Guido W.; Wooldridge, Jeffrey M. - 2008
Many empirical questions in economics and other social sciences depend on causal effects of programs or policies. In the last two decades much research has been done on the econometric and statistical analysis of the effects of such programs or treatments. This recent theoretical literature has...
Persistent link: https://www.econbiz.de/10010268788
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Smoking, Discount Rates, and Returns to Education
Fersterer, Josef; Winter-Ebmer, Rudolf - 2000
Individual time preference determines schooling enrolment. Moreover, smoking behavior in early ages has been shown to be highly related to time preference rates. Accordingly, we use smoking at age 16 as an instrument for schooling in order to cope with ability bias in a returns to education...
Persistent link: https://www.econbiz.de/10010262347
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Absolute Risk Aversion and the Returns to Education
Brunello, Giorgio - 2000
Individual absolute risk aversion is measured for a sample of 1373 male household heads, using the 1995 wave of the Survey on the Income and Wealth of Italian households. This measure, conditional on financial and real wealth and household income, is used as an instrument for attained education...
Persistent link: https://www.econbiz.de/10010262400
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Africa's education enigma? The Nigerian story
Uwaifo Oyelere, Ruth - 2007
In the last two decades, the social and economic benefits of formal education in Sub-Saharan Africa have been debated. Anecdotal evidence points to low returns to education in Africa. Unfortunately, there is limited econometric evidence to support these claims at the micro level. In this study,...
Persistent link: https://www.econbiz.de/10010268929
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Count your hours: returns to education in Poland
Myck, Michał; Nicinska, Anna; Morawski, Leszek - 2009
We show how significant may be the difference in the estimated returns to education in Poland conditional on the measure of wages used and the estimation approach applied. Combining information from two different Polish surveys from 2005 and taking advantage of the Polish microsimulation model...
Persistent link: https://www.econbiz.de/10010276050
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Estimating the social value of higher education: willingness to pay for community and technical colleges
Blomquist, Glenn C.; Coomes, Paul A.; Jepsen, Christopher; … - 2009
Much is known about private returns to education in the form of higher earnings. Less is known about social value, over and above the private, market value. Associations between education and socially-desirable outcomes are strong, but disentangling the effect of education from other causal...
Persistent link: https://www.econbiz.de/10010269055
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Recent Developments in the Econometrics of Program Evaluation
Imbens, Guido W.; Wooldridge, Jeffrey M. - Institute for the Study of Labor (IZA) - 2008
Many empirical questions in economics and other social sciences depend on causal effects of programs or policies. In the last two decades much research has been done on the econometric and statistical analysis of the effects of such programs or treatments. This recent theoretical literature has...
Persistent link: https://www.econbiz.de/10005822300
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Causal Analysis after Haavelmo
Heckman, James J.; Pinto, Rodrigo - 2013
Haavelmo's seminal 1943 paper is the first rigorous treatment of causality. In it, he distinguished the definition of … Acyclic Graphs (DAG) used in one influential recent approach to causality (Pearl, 2000) and in the related literature on … Pearl in securing identification of economic models. We extend our framework to consider models for simultaneous causality …
Persistent link: https://www.econbiz.de/10010329149
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Health and Wealth of Elderly Couples : Causality Tests Using Dynamic Panel Data Models
Michaud, Pierre-Carl; van Soest, Arthur - 2004
analyzes causality from health to wealth (health causation) and from wealth to health (wealth or social causation) for elderly … recently developed strategy using Granger causality tests of Adams et al. (2003, Journal of Econometrics) with tests for … causality in dynamic panel data models incorporating unobserved heterogeneity. While Adams et al. tests reject the hypothesis of …
Persistent link: https://www.econbiz.de/10010262057
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Mental health and labour market participation: Evidence from IV panel data models
Frijters, Paul; Johnston, David W.; Shields, Michael A. - 2010
effectively control for the two-way causality between work and health and the existence of unobserved individual characteristics …
Persistent link: https://www.econbiz.de/10010269750