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Control variables, discrete instruments, and identification of structural functions
Newey, Whitney K.; Stouli, Sami - 2018
Control variables provide an important means of controlling for endogeneity in econometric models with nonseparable and …
Persistent link: https://www.econbiz.de/10011901534
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Estimating distributions of potential outcomes using local instrumental variables with an application to changes in college enrollment and wage inequality
Carneiro, Pedro; Lee, Sokbae - 2009
This paper extends the method of local instrumental variables developed by Heckman and Vytlacil (1999, 2001, 2005) to the estimation of not only means, but also distributions of potential outcomes. The newly developed method is illustrated by applying it to changes in college enrollment and wage...
Persistent link: https://www.econbiz.de/10003817242
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Testing the correlated random coefficient model
Heckman, James J.; Schmierer, Daniel; Urzua, Sergio - 2010
The recent literature on instrumental variables (IV) features models in which agents sort into treatment status on the basis of gains from treatment as well as on baselinepretreatment levels. Components of the gains known to the agents and acted on by them may not be known by the observing...
Persistent link: https://www.econbiz.de/10003989944
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Average and marginal returns to upper secondary schooling in Indonesia
Carneiro, Pedro; Lokshin, Michael; Ridao-Cano, Cristóbal; … - 2011
This paper estimates average and marginal returns to schooling in Indonesia using a non-parametric selection model. Identification of the model is given by exogenous geographic variation in access to upper secondary schools. We find that the return to upper secondary schooling varies widely...
Persistent link: https://www.econbiz.de/10009387870
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Tenure, experience, human capital and wages : a tractable equilibrium search model of wage dynamics
Bagger, Jesper; Fontaine, François; Postel-Vinay, Fabien; … - 2014 - rev.
We develop and estimate an equilibrium job search model of worker careers, allowing for human capital accumulation, employer heterogeneity and individual-level shocks. Career wage growth is decomposed into the contributions of human capital and job search, within and between jobs. Human capital...
Persistent link: https://www.econbiz.de/10010254832
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Estimating marginal returns to education
Carneiro, Pedro; Heckman, James J.; Vytlacil, Edward - 2010
This paper estimates the marginal returns to college for individuals induced to enroll in college by different marginal policy changes. The recent instrumental variables literature seeks to estimate this parameter, but in general it does so only under strong assumptions that are tested and found...
Persistent link: https://www.econbiz.de/10008688882
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Treatment effects with many covariates and heteroskedasticity
Cattaneo, Matias D.; Jansson, Michael; Newey, Whitney K. - 2015
covariates and heteroskedasticity. Our results are obtained using high-dimensional approximations, where the number of covariates … are allowed to grow as fast as the sample size. We find that all of the usual versions of Eicker-White heteroskedasticity … heteroskedasticity consistent standard error formula that is fully automatic and robust to both (conditional) heteroskedasticity of …
Persistent link: https://www.econbiz.de/10011295589
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Inference in linear regression models with many covariates and heteroskedasticity
Cattaneo, Matias D.; Jansson, Michael; Newey, Whitney K. - 2017
inference methods that allow for many covariates and heteroskedasticity. Our results are obtained using high … versions of Eicker-White heteroskedasticity consistent standard error estimators for linear models are inconsistent under this … asymptotics. We then propose a new heteroskedasticity consistent standard error formula that is fully automatic and robust to both …
Persistent link: https://www.econbiz.de/10011586174
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Identifying network ties from panel data : theory and an application to tax competition
Paula, Áureo de; Rasul, Imran; Souza, Pedro C. L. - 2023
Social interactions determine many economic behaviors, but information on social ties does not exist in most publicly available and widely used datasets. We present results on the identification of social networks from observational panel data that contains no information on social ties between...
Persistent link: https://www.econbiz.de/10013489546
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Identifying network ties from panel data : theory and an application to tax competition
Paula, Áureo de; Rasul, Imran; Souza, Pedro C. L. - 2023
Social interactions determine many economic behaviors, but information on social ties does not exist in most publicly available and widely used datasets. We present results on the identification of social networks from observational panel data that contains no information on social ties between...
Persistent link: https://www.econbiz.de/10014380650