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The credibility revolution in empirical economics: how better research design is taking the con out of econometrics
Angrist, Joshua D.; Pischke, Jörn-Steffen - 2010
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/10010271340
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Comparing IV with structural models: what simple IV can and cannot identify
Heckman, James Joseph; Urzúa, Sergio - 2009
This paper compares the economic questions addressed by instrumental variables estimators with those addressed by structural approaches. We discuss Marschak's Maxim: estimators should be selected on the basis of their ability to answer well-posed economic problems with minimal assumptions. A key...
Persistent link: https://www.econbiz.de/10010274254
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On econometric analysis of structural systems with permanent and transitory shocks and exogenous variables
Pagan, Adrian; Pesaran, Mohammad Hashem - 2007
This paper considers the implications of the permanent/transitory decomposition of shocks for identification of structural models in the general case where the model might contain more than one permanent structural shock. It provides a simple and intuitive generalization of the influential work...
Persistent link: https://www.econbiz.de/10010276256
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Corruption and the shadow economy: a structural equation model approach
Buehn, Andreas; Schneider, Friedrich G. - 2009
The relationship between corruption and the shadow economy is not clear. Theoretically, they either substitute or complement each other -exhibiting either a negative or positive relationship. This paper -using a structural equation model with two latent variables - extracts information on...
Persistent link: https://www.econbiz.de/10010276693
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Education and Health: The Role of Cognitive Ability
Bijwaard, Govert; van Kippersluis, Hans; Veenman, Justus - 2013
We aim to disentangle the relative contributions of (i) cognitive ability, and (ii) education on health and mortality using a structural equation model suggested by Conti et al. (2010). We extend their model by allowing for a duration dependent variable, and an ordinal educational variable. Data...
Persistent link: https://www.econbiz.de/10010329178
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Education, Intelligence and Diseases in Old Age
Niccodemi, Gianmaria; Bijwaard, Govert - 2018
Several studies have found a positive association between education and health. Confounding factors that a ect both education choices and health, such as (ob- served) parental background and (unobserved) intelligence, may play an important role in shaping this association. In this paper we...
Persistent link: https://www.econbiz.de/10011931570
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Education and Health: The Role of Cognitive Ability
Bijwaard, Govert; van Kippersluis, Hans; Veenman, Justus - Institute for the Study of Labor (IZA) - 2013
We aim to disentangle the relative contributions of (i) cognitive ability, and (ii) education on health and mortality using a structural equation model suggested by Conti et al. (2010). We extend their model by allowing for a duration dependent variable, and an ordinal educational variable. Data...
Persistent link: https://www.econbiz.de/10011201761
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When Experienced and Decision Utility Concur: The Case of Income Comparisons
Clark, Andrew E.; Senik, Claudia; Yamada, Katsunori - 2015
While there is now something of a consensus in the literature on the economics of happiness that income comparisons to others help determine subjective wellbeing, debate continues over the relative importance of own and reference-group income, in particular in research on the Easterlin paradox....
Persistent link: https://www.econbiz.de/10011307394
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The Role of Body Weight for Health, Earnings and Life Satisfaction
Hübler, Olaf - 2019
Based on the German Socio-Economic Panel, the influence of the body mass index on health, earnings and satisfaction is … analysed by gender. Basic results are: health worsens, income declines and satisfaction is poorer with higher body mass index … sample. No effects on life satisfaction can be found except for underweight men. They reveal less satisfaction. Only in the …
Persistent link: https://www.econbiz.de/10011984638
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Subjective measures of economic well-being and the influence of income uncertainty
Schwarze, Johannes - 2008
: Satisfaction with household income and the income evaluation question as developed by Van Praag. It can be shown that satisfaction …
Persistent link: https://www.econbiz.de/10010268741