Showing 1 - 10 of 374
This paper provides new evidence on the causal relationship between income and health by studying a randomized … experiment in which 1,000 low-income adults in the United States received $1,000 per month for three years, with 2,000 control …-sectional correlation between income and health lies well outside our confidence intervals. We also find that the transfer did not improve …
Persistent link: https://www.econbiz.de/10014635674
This paper reports the results from a randomized evaluation of a microcredit program introduced in rural areas of …, microcredit access led to a significant rise in investment in assets used for self-employment activities (mainly animal husbandry … and agriculture), and an increase in profit. But this increase in profit was offset by a reduction in income from casual …
Persistent link: https://www.econbiz.de/10012458520
We study how financial development affects economic development and wage inequality. We use a large expansion of government-owned banks into Brazilian cities with low bank branch coverage and combine it with data on the universe of employees from 2000-2014. We find that higher financial...
Persistent link: https://www.econbiz.de/10013210085
In this paper, we introduce the weighted-average quantile regression model. We argue that this model is of interest in many applied settings and develop an estimator for parameters of this model. We show that our estimator is √T-consistent and asymptotically normal with mean zero under weak...
Persistent link: https://www.econbiz.de/10013210042
Causal inference is of central interests in many empirical applications yet often challenging because of the presence of endogenous regressors. The classical approach to the problem requires using instrumental variables that must satisfy the stringent condition of exclusion restriction. At the...
Persistent link: https://www.econbiz.de/10014512085
Researchers using instrumental variables to investigate ordered treatments often recode treatment into an indicator for any exposure. We investigate this estimand under the assumption that the instruments shift compliers from no treatment to some but not from some treatment to more. We show that...
Persistent link: https://www.econbiz.de/10014512088
Network diffusion models are used to study things like disease transmission, information spread, and technology adoption. However, small amounts of mismeasurement are extremely likely in the networks constructed to operationalize these models. We show that estimates of diffusions are highly...
Persistent link: https://www.econbiz.de/10014512105
A growing number of central authorities use assignment mechanisms to allocate students to schools in a way that reflects student preferences and school priorities. However, most real-world mechanisms incentivize students to strategically misreport their preferences. In this paper, we provide an...
Persistent link: https://www.econbiz.de/10014544713
While hypothesis testing is a highly formalized activity, hypothesis generation remains largely informal. We propose a …
Persistent link: https://www.econbiz.de/10014247938
We propose a methodology to take dynamic stochastic general equilibrium (DSGE) models to the data based on the combination of differentiable state-space models and the Hamiltonian Monte Carlo (HMC) sampler. First, we introduce a method for implicit automatic differentiation of perturbation...
Persistent link: https://www.econbiz.de/10013435135