Bellemare, Marc F.; Masaki, Takaaki; Pepinsky, Thomas B. - Volkswirtschaftliche Fakultät, … - 2015
Across the social sciences, lagged explanatory variables are a common strategy to confront challenges to causal identification using observational data. We show that "lag identification"--the use of lagged explanatory variables to solve endogeneity problems--is an illusion: lagging independent...