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Using Matching, Instrumental Variables and Control Functions to Estimate Economic Choice Models

Heckman, James J.; Navarro-Lozano, Salvador - 2022

selection) in matching, instrumental variable and control functions methods. (2) It contrasts the roles of exclusion … restrictions in matching and selection models. (3) It characterizes the sensitivity of matching to the choice of conditioning …. (4) It demonstrates the problem of choosing the conditioning variables in matching and the failure of conventional model …

Persistent link: https://www.econbiz.de/10013311183

Dynamic Treatment Effects of Job Training

Rodríguez, Jorge; Saltiel, Fernando; Urzúa, Sergio - 2021

This paper estimates the dynamic returns to job training. We posit a dynamic-discrete choice model of sequential training participation, where choices and earnings depend on observed and unobserved characteristics.We define treatment effects, including policy relevant parameters, and link them...

Persistent link: https://www.econbiz.de/10013224969

Nonlinear Policy Rules and the Identification and Estimation of Causal Effects in a Generalized Regression Kink Design

Card, David - 2012

We consider nonparametric identification and estimation in a nonseparable model where a continuous regressor of interest is a known, deterministic, but kinked function of an observed assignment variable. This design arises in many institutional settings where a policy variable (such as weekly...

Persistent link: https://www.econbiz.de/10013097659

Endogenous Stratification in Randomized Experiments

Abadie, Alberto - 2013

Researchers and policy makers are often interested in estimating how treatments or policy interventions affect the outcomes of those most in need of help. This concern has motivated the increasingly common practice of disaggregating experimental data by groups constructed on the basis of an...

Persistent link: https://www.econbiz.de/10013071514

Semiparametric Estimates of Monetary Policy Effects : String Theory Revisited

Angrist, Joshua D. - 2013

We develop a flexible semiparametric time series estimator that is then used to assess the causal effect of monetary policy interventions on macroeconomic aggregates. Our estimator captures the average causal response to discrete policy interventions in a macro-dynamic setting, without the need...

Persistent link: https://www.econbiz.de/10013076979

Instrumental Variables and Causal Mechanisms : Unpacking the Effect of Trade on Workers and Voters

Dippel, Christian - 2017

Instrumental variables (IV) are a common means to identify treatment effects. But standard IV methods do not allow us to unpack the complex treatment effects that arise when a treatment and its outcome together cause a second outcome of interest. For example, IV methods have been used to show...

Persistent link: https://www.econbiz.de/10012960515

On the Estimation of Treatment Effects with Endogenous Misreporting

Nguimkeu, Pierre - 2017

Participation in social programs is often misreported in survey data, complicating the estimation of the effects of those programs. In this paper, we propose a model to estimate treatment effects under endogenous participation and endogenous misreporting. We show that failure to account for...

Persistent link: https://www.econbiz.de/10012941169

Bounds on Treatment Effects in Regression Discontinuity Designs with a Manipulated Running Variable

Gerard, François - 2016

The key assumption in regression discontinuity analysis is that the distribution of potential outcomes varies smoothly with the running variable around the cutoff. In many empirical contexts, however, this assumption is not credible; and the running variable is said to be manipulated in this...

Persistent link: https://www.econbiz.de/10012978088

Can Variation in Subgroups' Average Treatment Effects Explain Treatment Effect Heterogeneity? Evidence from a Social Experiment

Bitler, Marianne P. - 2014

In this paper, we assess whether welfare reform affects earnings only through mean impacts that are constant within but vary across subgroups. This is important because researchers interested in treatment effect heterogeneity typically restrict their attention to estimating mean impacts that are...

Persistent link: https://www.econbiz.de/10013053832

Granger-Causality and Stabilization Policy

Buiter, Willem H. - 2021

This paper aims to provide a stochastic, rational expectations extension of Tobin's "Money and Income; Post Hoc Ergo Proper Hoc?". It is well-known that money may Granger-cause real variables even though the joint density function of the real variables is invariant under changes in the...

Persistent link: https://www.econbiz.de/10013219733

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