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Individual outcomes are highly correlated with group average outcomes, a fact often interpreted as a causal peer effect. Without covariates, however, outcome-on-outcome peer effects are vacuous, either unity or, if the average is defined as a leave-out mean, determined by a generic intraclass...
Persistent link: https://www.econbiz.de/10011077495
This paper estimates the impact of elite school attendance on long-run outcomes including completed education, income and fertility. Our data consists of individuals born in the 1950s and educated in a UK district that assigned students to either elite or non-elite secondary schools. Using...
Persistent link: https://www.econbiz.de/10011078401
heteroskedasticity-consistent covariance matrix estimators, we then show that standard inference based on OLS is valid for the …
Persistent link: https://www.econbiz.de/10010841121
The effects of voluntary work on earnings have recently been studied for some developed countries such as Canada, France and Austria. This paper extends this line of research to Italy, using data from the European Union Statistics on Income and Living Conditions (EU-SILC) dataset. A double...
Persistent link: https://www.econbiz.de/10010860047
Structural economic models allow one to analyze counterfactuals when economic systems change and to evaluate the well-being of economic agents. A key element in such analysis is the ability to identify the primitive functions and distributions of the economic models that are employed to describe...
Persistent link: https://www.econbiz.de/10010822971
The effects of voluntary work on earnings have recently been studied for some developed countries such as Canada, France and Austria. This paper extends this line of research to Italy, using data from the European Union Statistics on Income and Living Conditions (EU-SILC) dataset. A double...
Persistent link: https://www.econbiz.de/10011108511
The paper studies the effect of voluntary work on labour income for Italian employees. The Heckman and Instrumental Variables methods are used in order to control for self-selection bias of participation in labour market and endogeneity of volunteering. The results show that a wage premium of 3...
Persistent link: https://www.econbiz.de/10011112270
"rudimentary models" and models for "limited information inference", (ii) the distinction between exogeneity of variables and the …
Persistent link: https://www.econbiz.de/10011779245
Under treatment effect heterogeneity, an instrument identifies the instrument-specific local average treatment effect (LATE). If a regression model is estimated by the two-stage least squares (2SLS) using multiple instruments, then 2SLS is consistent for a weighted average of different LATEs. In...
Persistent link: https://www.econbiz.de/10013030149
We present a methodology for estimating the distributional effects of an endogenous treatment that varies at the group level when there are group-level unobservables, a quantile extension of Hausman and Taylor (1981). Standard quantile regression techniques are inconsistent in this setting, even...
Persistent link: https://www.econbiz.de/10013071528