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Striking the Right Balance: Why Standard Balance Tests Over-Reject the Null, and How to Fix It
Kerwin, Jason; Rostom, Nada; Sterck, Olivier - 2024
orthogonality with randomization inference p-values have the correct size and reasonable power. We apply these tests to data from …
Persistent link: https://www.econbiz.de/10015097001
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Employment Changes, the Structure of Adjustment Costs, and Plant Size
Nilsen, Øivind Anti; Salvanes, Kjell G.; … - 2003
that the frequency of episodes of zero net employment changes is inversely related to plant size. We develop and estimate a … econometric evidence supports the existence of purely fixed components, unrelated to plant size. As a result, the range of …
Persistent link: https://www.econbiz.de/10010276026
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Managers and Productivity Differences
Guner, Nezih; Parkhomenko, Andrii; Ventura, Gustavo - 2015
size-distribution of plants and macroeconomic aggregates. We then quantify the relative importance of exogenous … productivity differences, and the size-dependent distortions emphasized in the misallocation literature. Our findings indicate that …
Persistent link: https://www.econbiz.de/10011420761
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Distortions, endogenous managerial skills and productivity differences
Bhattacharya, Dhritiman; Guner, Nezih; Ventura, Gustavo - 2011
cycle of managers. We calibrate this model to U.S plant-size data to quantify the effects of distortions that are correlated … with the size of production units. These distortions lead to sharp reductions in plant productivity and the fraction of … quite well for properties of Japanese size-distribution data, with a model-implied TFP of about 83% of the U.S. Distortions …
Persistent link: https://www.econbiz.de/10010280700
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Employment Changes, the Structure of Adjustment Costs, and Plant Size
Nilsen, Øivind A.; Salvanes, Kjell G.; Schiantarelli, Fabio - Institute for the Study of Labor (IZA) - 2003
that the frequency of episodes of zero net employment changes is inversely related to plant size. We develop and estimate a … econometric evidence supports the existence of purely fixed components, unrelated to plant size. As a result, the range of …
Persistent link: https://www.econbiz.de/10005703432
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Distortions, Endogenous Managerial Skills and Productivity Differences
Bhattacharya, Dhritiman; Guner, Nezih; Ventura, Gustavo - Institute for the Study of Labor (IZA) - 2011
cycle of managers. We calibrate this model to U.S plant-size data to quantify the effects of distortions that are correlated … with the size of production units. These distortions lead to sharp reductions in plant productivity and the fraction of … quite well for properties of Japanese size-distribution data, with a model-implied TFP of about 83% of the U.S. Distortions …
Persistent link: https://www.econbiz.de/10009294840
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Sensitivity of propensity score methods to the specifications
Zhao, Zhong - 2005
Propensity score matching estimators have two advantages. One is that they overcome the curse of dimensionality of covariate matching, and the other is that they are nonparametric. However, the propensity score is usually unknown and needs to be estimated. If we estimate it nonparametrically, we...
Persistent link: https://www.econbiz.de/10010267689
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Simulation and Estimation of Hedonic Models
Heckman, James Joseph; Matzkin, Rosa Liliana; Nesheim, Lars - 2003
Making use of restrictions imposed by equilibrium, theoretical progress has been made on the nonparametric and semiparametric estimation and identification of scalar additive hedonic models (Ekeland, Heckman, and Nesheim, 2002) and scalar nonadditive hedonic models (Heckman, Matzkin, and...
Persistent link: https://www.econbiz.de/10010275775
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New Wine in Old Bottles: A Sequential Estimation Technique for the LPM
Horrace, William C.; Oaxaca, Ronald L. - Institute for the Study of Labor (IZA) - 2003
The conditions under which ordinary least squares (OLS) is an unbiased and consistent estimator of the linear probability model (LPM) are unlikely to hold in many instances. Yet the LPM still may be the correct model or a good approximation to the probability generating process. A sequential...
Persistent link: https://www.econbiz.de/10005761635
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Sensitivity of Propensity Score Methods to the Specifications
Zhao, Zhong - Institute for the Study of Labor (IZA) - 2005
Propensity score matching estimators have two advantages. One is that they overcome the curse of dimensionality of covariate matching, and the other is that they are nonparametric. However, the propensity score is usually unknown and needs to be estimated. If we estimate it nonparametrically, we...
Persistent link: https://www.econbiz.de/10005762292