Kreitmeir, David; Überfuhr, Thomas - In: Journal of Applied Econometrics 39 (2024) 2, pp. 327-337
This paper revisits Acemoglu-Johnson the predicted mortality instrument. Drawing on a unique historical data set of disease-specific mortality rates, we reconstruct several versions of the instrument that differ in terms of data usage and instrument relevance. Our findings confirm its predictive...