A sound understanding of poverty traps — defined as poverty that is self-reinforcing due to the poor's equilibrium behaviors — and their underlying mechanisms is fundamentally important to the development of policies and interventions targeted to assist the poor. We review the theoretical...

This article reviews An Introduction to Modern Econometrics Using Stata by Christopher F. Baum.

Problems with inferring causal relationships from nonexperimental data are briefly reviewed, and four broad classes of methods designed to allow estimation of and inference about causal parameters are described: panel regression, matching or reweighting, instrumental variables, and regression...

The focus on efficiency costs in the empirical literature on Disability Insurance (DI) provides a misleading view of the adequacy of payment levels. In order to evaluate whether workers are over- or under-insured through the social insurance program, we develop a framework that allows us to...