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Regression discontinuity design with covariates

Frölich, Markus - School of Economics and Political Science, Universität … - 2007

In this paper, the regression discontinuity design (RDD) is generalized to account for differences in observed covariates X in a fully nonparametric way. It is shown that the treatment effect can be estimated at the rate for one-dimensional nonparametric regression irrespective of the dimension...

Persistent link: https://www.econbiz.de/10005200689

A Note on the Relation of Weighting and Matching Estimators

Lechner, Michael - School of Economics and Political Science, Universität … - 2007

This paper compares the inverse-probability-of-selection-weighting estimation principle with the matching principle and derives conditions for weighting and matching to identify the same and the true distribution, respectively. This comparison improves the understanding of the relation of these...

Persistent link: https://www.econbiz.de/10005200691

Earnings Effects of Training Programs

Lechner, Michael; Melly, Blaise - School of Economics and Political Science, Universität … - 2007

In an evaluation of a job-training program, the influence of the program on the individual earnings capacity is important, because it reflects the program effect on human capital. Estimating these effects is complicated because earnings are observed for employed individuals only, and employment...

Persistent link: https://www.econbiz.de/10005696742

Social capital and relative income concerns: evidence from 26 countries

Fischer, Justina A.V.; Torgler, Benno - School of Economics and Political Science, Universität … - 2007

Research evidence on the impact of relative income position on individuals’ attitudes and behaviour is sorely lacking … relative income on 14 measurements of social capital. We find support for a considerable deleterious positional concern effect … of persons below the reference income. This effect is more sizeable by far than the beneficial impact of a relative …

Persistent link: https://www.econbiz.de/10005453976

Stochastic labour market shocks, labour market programmes, and human capital formation: a theoretical and empirical analysis

Lechner, Michael; Vazquez-Alvarez, Rosalia - School of Economics and Political Science, Universität … - 2007

This paper develops a life-cycle model of labour supply that captures endogenous human capital formation allowing for individual’s heterogeneous responses to stochastic labour market shocks. The shocks determines conditions in the labour market and sort individuals into three labour market...

Persistent link: https://www.econbiz.de/10005696744

A Review of Human Capital Theory: Microeconomics

Fleischhauer, Kai-Joseph - School of Economics and Political Science, Universität … - 2007

With the beginning of the new millennium it has become more and more apparent that education and human capital constitute a key element of modern economies. Despite the important role of human capital in modern societies, there are still many unknowns about the process of educational production...

Persistent link: https://www.econbiz.de/10005797701

The Effects of Pension Reform on Retirement and Human Capital Formation

Fleischhauer, Kai-Joseph - School of Economics and Political Science, Universität … - 2007

The demographic transition in industrialized countries poses challenges to the pension system which is essentially organized according to the pay-as-you-go principle in most countries. This paper aims at analyzing two proposals for pension reform in a theoretical model that endogenously explains...

Persistent link: https://www.econbiz.de/10005453973