Lise, Jeremy; Seitz, Shannon; Smith, Jeffrey - Institute for the Study of Labor (IZA) - 2003
-suited to conduct equilibrium policy experiments and we illustrate effectiveness of general equilibrium models as tools for the … evaluation of social programs. Second, we demonstrate the usefulness of social experiments as tools to evaluate models. In this … respect, our paper serves as the equilibrium analogue to LaLonde (1986) and others, where experiments are used as a benchmark …