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Takeaways from the special issue on the practice of replication

Reed, W. Robert - 2019

In July 2017, issued a call for papers for a special issue on "The Practice of Replication." In that call, the journal explained that there was no generally accepted procedure for how to do a replication. Likewise, there was no generally accepted standard for determining whether a replication...

Persistent link: https://www.econbiz.de/10011964239

Takeaways from the special issue on The Practice of Replication

Reed, W. Robert - In: Economics: The Open-Access, Open-Assessment E-Journal 13 (2019) 2019-13, pp. 1-11

In July 2017, Economics: The Open Access, Open Assessment E-Journal issued a call for papers for a special issue on 'The Practice of Replication.' In that call, the journal explained that there was no generally accepted procedure for how to do a replication. Likewise, there was no generally...

Persistent link: https://www.econbiz.de/10011965932

The barycenter of the distribution and its application to the measurement of inequality: The balance of inequality, the Gini index, and the Lorenz curve

Di Maio, Giorgio - 2022

This paper introduces in statistics the notion of the barycenter of the distribution of a non-negative random variable Y with a positive finite mean μY and the quantile function Q(x). The barycenter is denoted by μX and defined as the expected value of the random variable X having the...

Persistent link: https://www.econbiz.de/10013467160

Non-Standard Errors*

Bosch-Rosa, Ciril; Kassner, Bernhard - 2023

In statistics, samples are drawn from a population in a data-generating process (DGP). Standard errors measure the uncertainty in estimates of population parameters. In science, evidence is generated to test hypotheses in an evidence-generating process (EGP). We claim that EGP variation across...

Persistent link: https://www.econbiz.de/10014467842

Econometric Causality: The Central Role of Thought Experiments

Heckman, James J.; Pinto, Rodrigo - 2023

This paper examines the econometric causal model and the interpretation of empirical evidence based on thought experiments that was developed by Ragnar Frisch and Trygve Haavelmo. We compare the econometric causal model with two currently popular causal frameworks: the Neyman-Rubin causal model...

Persistent link: https://www.econbiz.de/10014469458

Income taxation and labour response: Empirical evidence from a DID analysis of an income tax treatment in Italy

Bosco, Bruno; Bosco, Carlo Federico; Maranzano, Paolo - 2024

This paper uses the Italian income tax treatment of 2006/7 as a quasi-natural tax experiment to offer some fresh empirical evidence on how labour supply responds to exogenous income tax hikes. We adopt the identification strategy based on TWFE panel data Difference-in-Differences (DID) model to...

Persistent link: https://www.econbiz.de/10014577257

Causal Analysis after Haavelmo

Heckman, James J.; Pinto, Rodrigo - 2013

Haavelmo's seminal 1943 paper is the first rigorous treatment of causality. In it, he distinguished the definition of causal parameters from their identification. He showed that causal parameters are de fined using hypothetical models that assign variation to some of the inputs determining...

Persistent link: https://www.econbiz.de/10010329149

Simple Tests for Selection Bias: Learning More from Instrumental Variables

Black, Dan A.; Joo, Joonhwi; LaLonde, Robert J.; Smith, … - 2015

We provide simple tests for selection on unobserved variables in the Vytlacil-Imbens-Angrist framework for Local Average Treatment Effects. The tests allow researchers not only to test for selection on either or both of the treated and untreated outcomes, but also to assess the magnitude of the...

Persistent link: https://www.econbiz.de/10011345405

Poor (wo)man's bootstrap

Honoré, Bo E.; Hu, Luojia - 2015

The bootstrap is a convenient tool for calculating standard errors of the parameters of complicated econometric models. Unfortunately, the fact that these models are complicated often makes the bootstrap extremely slow or even practically infeasible. This paper proposes an alternative to the...

Persistent link: https://www.econbiz.de/10011460667

Simpler bootstrap estimation of the asymptotic variance of U-statistic based estimators

Honoré, Bo E.; Hu, Luojia - 2015

requires repeated re-calculation of the estimator. In Honoré and Hu (2015), we propose a computationally simpler bootstrap … contribution here is that rather than repeated re-calculating the U-statistic-based estimator, we can recalculate a related … estimator based on single-sums. A simulation study suggests that the approach leads to a good approximation to the standard …

Persistent link: https://www.econbiz.de/10011460687