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A comparison of two qantile models with endogeneity
Wüthrich, Kaspar - 2014
This paper analyzes estimators based on the instrumental variable quantile regression (IVQR) model (Chernozhukov and Hansen, 2004, 2005, 2006) under the local quantile treatment effects (LQTE) framework (Abadie et al., 2002). I show that the quantile treatment effect (QTE) estimators in the IVQR...
Persistent link: https://www.econbiz.de/10011420621
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Education and Entrepreneurial Choice: An Instrumental Variables Analysis
Block, Joern H.; Hoogerheide, Lennart; Thurik, Roy - 2009
, however, is difficult since it is considered to be an endogenous variable. This study accounts for this endogeneity by using …
Persistent link: https://www.econbiz.de/10010325694
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Are Education and Entrepreneurial Income Endogenous and do Family Background Variables make Sense as Instruments? A Bayesian Analysis
Block, Joern H.; Hoogerheide, Lennart; Thurik, Roy - 2010
endogeneity suspicion. For instance, ability and occupational choice are mentioned as driving both the level of (entrepreneurial … endogeneity is really present, whether it matters and whether the selected instruments make sense. Using Bayesian methods, we find … that the relationship between education and entrepreneurial income is indeed endogenous and that the impact of endogeneity …
Persistent link: https://www.econbiz.de/10010325824
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Combining two consistent estimators
Chao, John; Hausman, Jerry; Newey, Whitney; Swanson, Norman - 2012
This paper shows how a weighted average of a forward and reverse Jackknife IV estimator (JIVE) yields estimators that are robust against heteroscedasticity and many instruments. These estimators, called HFUL (Heteroscedasticity robust Fuller) and HLIM (Heteroskedasticity robust limited...
Persistent link: https://www.econbiz.de/10010334252
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An expository note on the existence of moments of Fuller and HFUL estimators
Chao, John; Hausman, Jerry; Newey, Whitney; Swanson, Norman - 2013
linear model with endogeneity. This estimator is consistent and asymptotically normally distributed in the many instruments …
Persistent link: https://www.econbiz.de/10010334263
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Generalized instrumental variable models
Chesher, Andrew; Rosen, Adam - 2014
The ability to allow for flexible forms of unobserved heterogeneity is an essential ingredient in modern microeconometrics. In this paper we extend the application of instrumental variable (IV) methods to a wide class of problems in which multiple values of unobservable variables can be...
Persistent link: https://www.econbiz.de/10010368189
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Generalised instrumental variable models
Chesher, Andrew; Rosen, Adam - 2013
The ability to allow for flexible forms of unobserved heterogeneity is an essential ingredient in modern microeconometrics. In this paper we extend the application of instrumental variable (IV) models to a wide class of problems in which multiple values of unobservable variables can be...
Persistent link: https://www.econbiz.de/10010368234
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Characterizations of identified sets delivered by structural econometric models
Chesher, Andrew; Rosen, Adam M. - 2016
This paper develops characterizations of identified sets of structures and structural features for complete and incomplete models involving continuous or discrete variables. Multiple values of unobserved variables can be associated with particular combinations of observed variables. This can...
Persistent link: https://www.econbiz.de/10011594354
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An instrumental variable model of multiple discrete choice
Chesher, Andrew; Rosen, Adam M.; Smolinski, Konrad - In: Quantitative Economics 4 (2013) 2, pp. 157-196
Persistent link: https://www.econbiz.de/10011599638
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Are Education and Entrepreneurial Income Endogenous and Do Family Background Variables Make Sense as Instruments? A Bayesian Analysis
Block, Jörn H.; Hoogerheide, Lennart F.; Thurik, A. Roy - 2010
endogeneity suspicion. For instance, ability and occupational choice are mentioned as driving both the level of (entrepreneurial … endogeneity is really present, whether it matters and whether the selected instruments make sense. Using Bayesian methods, we find … that the relationship between education and entrepreneurial income is indeed endogenous and that the impact of endogeneity …
Persistent link: https://www.econbiz.de/10011600971