This paper develops an alternative asymptotic approach to Staiger-Stock's (1997) local to zero IV estimation of a structural parameter when instruments are weakly related to the endogenous variables. Rather than treating the limiting coefficients of the instruments in the first-stage regression...

This paper is concerned with estimating the economic return to schooling of men in the Netherlands. We adopt an IV approach to estimate a panel data model with random individual effects. We exploit the fact that older individuals have relatively less schooling compared to younger individuals to...

In this paper, we investigate whether international trade has affected workers?wages and their bargaining power in particular in the Belgian manufacturing industry over the period 1987-1995 by relying on a rent-sharing framework. Using a sample of more than 12 000 firms, we find that...

Using a German employer-employee matched panel data set this paper examines the effects of High Performance Workplace Systems (HPWSs) on labor productivity (defined as sales per worker) and labor efficiency (defined as the inverse of unit labor costs). The estimation results indicate that simple...

This paper analyzes conditions under which various single-equation estimators are asymptotically normal in a simultaneous equations framework with many weak instruments. In particular, our paper adds to the many instruments asymptotic normality literature, including papers by Morimune (1983),...

This paper investigates four topics. (1) It examines the different roles played by the propensity score (probability of selection) in matching, instrumental variable and control functions methods. (2) It contrasts the roles of exclusion restrictions in matching and selection models. (3) It...