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One reason for the recent proliferation of empirical studies addressing the role of education in promoting individual and social welfare has been the emergence of high-quality, micro-level data on education. In this paper, we discuss three broad types of data sets: data on educational...
Persistent link: https://www.econbiz.de/10005560748
In this paper, we discuss some important data sets that can be used by economists interested in conducting research in health economics. We describe six types of data sets: health components of data sets traditionally used by economists; longitudinal surveys of health and economic behavior; data...
Persistent link: https://www.econbiz.de/10005563192
Instrumental variables was first used in the 1920s to estimate supply and demand elasticities and later to correct for measurement error in single equation models. Recently, instrumental variables have been widely used to reduce bias from omitted variables in estimates of causal relationships....
Persistent link: https://www.econbiz.de/10005563123
Since Edward Leamer's memorable 1983 paper, "Let's Take the Con out of Econometrics," empirical microeconomics has experienced a credibility revolution. While Leamer's suggested remedy, sensitivity analysis, has played a role in this, we argue that the primary engine driving improvement has been...
Persistent link: https://www.econbiz.de/10008577557