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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
It is widely recognized that the economics of distant-future events, like climate change, is critically dependent upon the choice of a discount rate. Unfortunately, it is unclear how to discount distant-future events when the future discount rate itself is unknown. In previous work, an...
Persistent link: https://www.econbiz.de/10013149706
Classical statistics suggest that for inference purposes one should always use as much data as is available. We study how the presence of market microstructure noise in high-frequency financial data can change that result. We show that the optimal sampling frequency at which to estimate the...
Persistent link: https://www.econbiz.de/10012785227
Under the assumption of no unmeasured confounders, a large literature exists on methods that can be used to estimating average treatment effects (ATE) from observational data and that spans regression models, propensity score adjustments using stratification, weighting or regression and even the...
Persistent link: https://www.econbiz.de/10012759214
The probability of selection into treatment plays an important role in matching and selection models. However, this … note establishes that the selection and matching procedures can be implemented using propensity scores fit on choice …
Persistent link: https://www.econbiz.de/10013152094
Propensity score matching estimators (Rosenbaum and Rubin, 1983) are widely used in evaluation research to estimate … average treatment effects. In this article, we derive the large sample distribution of propensity score matching estimators …. Our derivations take into account that the propensity score is itself estimated in a first step, prior to matching. We …
Persistent link: https://www.econbiz.de/10013156675
matching estimators exhibit the opposite behavior: they limit interpolation bias at the potential expense of extrapolation bias …. We propose combining the matching and synthetic control estimators through model averaging to create an estimator called … the SC, matching, MASC and penalized SC estimators do (and do not) perform well. Then, we use the MASC re-examine the …
Persistent link: https://www.econbiz.de/10012844744
Matching estimators are widely used for the evaluation of programs or treatments. Often researchers use bootstrapping … neighbor matching, the standard conditions for the bootstrap are not satisfied, leading the bootstrap variance to diverge from …
Persistent link: https://www.econbiz.de/10012761283
selection--on--observables type assumptions using matching or propensity score methods. Much of this literature is highly …
Persistent link: https://www.econbiz.de/10013057405
School systems regularly use student assessments for accountability purposes. But, as highlighted by our conceptual model, different configurations of assessment usage generate performance-conducive incentives of different strengths for different stakeholders in different school environments. We...
Persistent link: https://www.econbiz.de/10012914273