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Regression Discontinuity and Heteroskedasticity Robust Standard Errors : Evidence from a Fixed-Bandwidth Approximation

Bartalotti, Otávio - 2018

heteroskedasticity-robust standard errors. This paper develops the "fixed-bandwidth" alternative asymptotic theory for RD designs, which … there is local heteroskedasticity. Feasible estimators of fixed-bandwidth standard errors are easy to implement and are akin … to treating RD estimators as locally parametric, validating the common empirical practice of using heteroskedasticity …

Persistent link: https://www.econbiz.de/10012917093

A Parametric Control Function Approach to Estimating the Returns to Schooling in the Absence of Exclusion Restrictions : An Application to the Nlsy

Farré, Lidia - 2010

An innovation which bypasses the need for instruments when estimating endogenous treatment effects is identification … conditional variances semiparametrically. While this is attractive, as identification is not reliant on parametric assumptions for …

Persistent link: https://www.econbiz.de/10013141782

A Semiparametric Model for Binary Response and Continuous Outcomes Under Index Heteroscedasticity

Klein, Roger W.; Vella, Francis - 2021

heteroscedasticity that depends on an index different from that underlying the "mean-response". We show that such (multiplicative …) heteroscedasticity, whose form is not parametrically specified, effectively induces exclusion restrictions on the outcomes equation. The …

Persistent link: https://www.econbiz.de/10013317368

Estimating Heterogeneous Returns to Education in Germany Via Conditional Heteroskedasticity

Saniter, Nils Peter - 2012

new method by Klein and Vella (2010) that bases identification on the presence of conditional heteroskedasticity. Compared …

Persistent link: https://www.econbiz.de/10013099756

Man-Cessions, Fiscal Policy, and the Gender Composition of Employment

Bredemeier, Christian - 2015

lead to man-cessions, i.e. employment falls and more strongly so for men. By contrast, an expansionary fiscal shock …

Persistent link: https://www.econbiz.de/10013024941

Uncertainty Shocks and Unemployment Dynamics

2020

Recent events suggest that uncertainty changes play a major role in U.S. labor market fluctuations. This study analyzes the impact of uncertainty shocks on unemployment dynamics. Using a vector autoregression approach, we show that uncertainty shocks measured by stock market volatility have a...

Persistent link: https://www.econbiz.de/10012829214

Immigration, Growth and Unemployment : Panel VAR Evidence from OECD Countries

Boubtane, Ekrame - 2012

This paper examines empirically the interaction between immigration and host country economic conditions. We employ panel VAR techniques to use a large annual dataset on 22 OECD countries over the period 1987-2009. The VAR approach allows to addresses the endogeneity problem by allowing the...

Persistent link: https://www.econbiz.de/10013098455

Cyclical Skill-Biased Technological Change

Balleer, Almut - 2009

Over the past two decades, technological progress has been biased towards making skilled labor more productive. What does skill-biased technological change imply for business cycles? To answer this question, we construct a quarterly series for the skill premium from the CPS and use it to...

Persistent link: https://www.econbiz.de/10013158513

The US Inflation-Unemployment Tradeoff : Methodological Issues and Further Evidence

Karanassou, Marika - 2009

inflation/unemployment responses to money growth shocks. SVAR (structural vector autoregression) and GMM (generalised method of …

Persistent link: https://www.econbiz.de/10013158516

Aggregation in Large Dynamic Panels

Pesaran, M. Hashem - 2011

This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is potentially related to all other micro units, and where micro innovations are allowed to be cross sectionally dependent. Following Pesaran (2003), an optimal aggregate function is...

Persistent link: https://www.econbiz.de/10013129942