Monotone Instrumental Variables With An Application To The Returns To Schooling

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Monotone Instrumental Variables with an Application to the Returns to Schooling

Author : Charles F. Manski
Publisher :
ISBN 13 :
Total Pages : 62 pages
Book Rating : 4.:/5 (321 download)

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Book Synopsis Monotone Instrumental Variables with an Application to the Returns to Schooling by : Charles F. Manski

Download or read book Monotone Instrumental Variables with an Application to the Returns to Schooling written by Charles F. Manski and published by . This book was released on 1999 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: Econometric analyses of treatment response commonly use instrumental variable (IV) assumptions to identify treatment effects. Yet the credibility of IV assumptions is often a matter of considerable disagreement, with much debate about whether some covariate is or is not a "valid instrument" in an application of interest. There is therefore good reason to consider weaker but more credible assumptions. assumptions. To this end, we introduce monotone instrumental variable (MIV) A particularly interesting special case of an MIV assumption is monotone treatment selection (MTS). IV and MIV assumptions may be imposed alone or in combination with other assumptions. We study the identifying power of MIV assumptions in three informational settings: MIV alone; MIV combined with the classical linear response assumption; MIV combined with the monotone treatment response (MTR) assumption. We apply the results to the problem of inference on the returns to schooling. We analyze wage data reported by white male respondents to the National Longitudinal Survey of Youth (NLSY) and use the respondent's AFQT score as an MIV. We find that this MIV assumption has little identifying power when imposed alone. However combining the MIV assumption with the MTR and MTS assumptions yields fairly tight bounds on two distinct measures of the returns to schooling.

The Econometric Analysis of Network Data

Author : Bryan Graham
Publisher : Academic Press
ISBN 13 : 0128117729
Total Pages : 246 pages
Book Rating : 4.1/5 (281 download)

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Book Synopsis The Econometric Analysis of Network Data by : Bryan Graham

Download or read book The Econometric Analysis of Network Data written by Bryan Graham and published by Academic Press. This book was released on 2020-05-15 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Econometric Analysis of Network Data serves as an entry point for advanced students, researchers, and data scientists seeking to perform effective analyses of networks, especially inference problems. It introduces the key results and ideas in an accessible, yet rigorous way. While a multi-contributor reference, the work is tightly focused and disciplined, providing latitude for varied specialties in one authorial voice. Answers both ‘why’ and ‘how’ questions in network analysis, bridging the gap between practice and theory allowing for the easier entry of novices into complex technical literature and computation Fully describes multiple worked examples from the literature and beyond, allowing empirical researchers and data scientists to quickly access the ‘state of the art’ versioned for their domain environment, saving them time and money Disciplined structure provides latitude for multiple sources of expertise while retaining an integrated and pedagogically focused authorial voice, ensuring smooth transition and easy progression for readers Fully supported by companion site code repository 40+ diagrams of ‘networks in the wild’ help visually summarize key points

Average Treatment Effect Bounds with an Instrumental Variable: Theory and Practice

Author : Carlos A. Flores
Publisher : Springer
ISBN 13 : 9811320179
Total Pages : 109 pages
Book Rating : 4.8/5 (113 download)

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Book Synopsis Average Treatment Effect Bounds with an Instrumental Variable: Theory and Practice by : Carlos A. Flores

Download or read book Average Treatment Effect Bounds with an Instrumental Variable: Theory and Practice written by Carlos A. Flores and published by Springer. This book was released on 2018-09-29 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reviews recent approaches for partial identification of average treatment effects with instrumental variables in the program evaluation literature, including Manski’s bounds, bounds based on threshold crossing models, and bounds based on the Local Average Treatment Effect (LATE) framework. It compares these bounds across different sets of assumptions, surveys relevant methods to assess the validity of these assumptions, and discusses estimation and inference methods for the bounds. The book also reviews some empirical applications employing bounds in the program evaluation literature. It aims to bridge the gap between the econometric theory on which the different bounds are based and their empirical application to program evaluation.

Counterfactuals and Causal Inference

Author : Stephen L. Morgan
Publisher : Cambridge University Press
ISBN 13 : 1316165159
Total Pages : 525 pages
Book Rating : 4.3/5 (161 download)

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Book Synopsis Counterfactuals and Causal Inference by : Stephen L. Morgan

Download or read book Counterfactuals and Causal Inference written by Stephen L. Morgan and published by Cambridge University Press. This book was released on 2014-11-17 with total page 525 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this second edition of Counterfactuals and Causal Inference, completely revised and expanded, the essential features of the counterfactual approach to observational data analysis are presented with examples from the social, demographic, and health sciences. Alternative estimation techniques are first introduced using both the potential outcome model and causal graphs; after which, conditioning techniques, such as matching and regression, are presented from a potential outcomes perspective. For research scenarios in which important determinants of causal exposure are unobserved, alternative techniques, such as instrumental variable estimators, longitudinal methods, and estimation via causal mechanisms, are then presented. The importance of causal effect heterogeneity is stressed throughout the book, and the need for deep causal explanation via mechanisms is discussed.

Econometric Evaluation of Labour Market Policies

Author : Michael Lechner
Publisher : Springer Science & Business Media
ISBN 13 : 364257615X
Total Pages : 248 pages
Book Rating : 4.6/5 (425 download)

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Book Synopsis Econometric Evaluation of Labour Market Policies by : Michael Lechner

Download or read book Econometric Evaluation of Labour Market Policies written by Michael Lechner and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Empirical measurement of impacts of active labour market programmes has started to become a central task of economic researchers. New improved econometric methods have been developed that will probably influence future empirical work in various other fields of economics as well. This volume contains a selection of original papers from leading experts, among them James J. Heckman, Noble Prize Winner 2000 in economics, addressing these econometric issues at the theoretical and empirical level. The theoretical part contains papers on tight bounds of average treatment effects, instrumental variables estimators, impact measurement with multiple programme options and statistical profiling. The empirical part provides the reader with econometric evaluations of active labour market programmes in Canada, Germany, France, Italy, Slovak Republic and Sweden.

Unobserved Ability and the Return to Schooling

Author : Christian Belzil
Publisher : CIRANO
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Unobserved Ability and the Return to Schooling by : Christian Belzil

Download or read book Unobserved Ability and the Return to Schooling written by Christian Belzil and published by CIRANO. This book was released on 2002 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Handbook of Econometrics

Author : Zvi Griliches
Publisher : Elsevier
ISBN 13 : 0444532005
Total Pages : 1057 pages
Book Rating : 4.4/5 (445 download)

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Book Synopsis Handbook of Econometrics by : Zvi Griliches

Download or read book Handbook of Econometrics written by Zvi Griliches and published by Elsevier. This book was released on 1983 with total page 1057 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook is a definitive reference source and teaching aid for econometricians. It examines models, estimation theory, data analysis and field applications in econometrics.

Interpreting Instrumental Variables Estimates on the Returns to Schooling

Author : Jeffrey R. Kling
Publisher :
ISBN 13 :
Total Pages : 16 pages
Book Rating : 4.3/5 (97 download)

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Book Synopsis Interpreting Instrumental Variables Estimates on the Returns to Schooling by : Jeffrey R. Kling

Download or read book Interpreting Instrumental Variables Estimates on the Returns to Schooling written by Jeffrey R. Kling and published by . This book was released on 2001 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Handbook of Labor Economics

Author : Orley Ashenfelter
Publisher : Elsevier
ISBN 13 : 0444534512
Total Pages : 862 pages
Book Rating : 4.4/5 (445 download)

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Book Synopsis Handbook of Labor Economics by : Orley Ashenfelter

Download or read book Handbook of Labor Economics written by Orley Ashenfelter and published by Elsevier. This book was released on 2010-10-28 with total page 862 pages. Available in PDF, EPUB and Kindle. Book excerpt: What new tools and models are enriching labor economics?Developments in Research Methods and their Application, Volume 4A summarizes recent advances in the ways economists study wages, employment, and labor markets. Mixing conceptual models and empirical work, contributors cover subjects as diverse as field and laboratory experiments, program evaluation, and behavioral models. The combinations of these improved empirical findings with new models reveal how labor economists are developing new and innovative ways to measure key parameters and test important hypotheses. Investigates recent advances in methods and models used in labor economics Demonstrates what these new tools and techniques can accomplish Documents how conceptual models and empirical work explain important practical issues

Handbook of the Economics of Education

Author : Eric A. Hanushek
Publisher : Elsevier
ISBN 13 : 0080961827
Total Pages : 614 pages
Book Rating : 4.0/5 (89 download)

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Book Synopsis Handbook of the Economics of Education by : Eric A. Hanushek

Download or read book Handbook of the Economics of Education written by Eric A. Hanushek and published by Elsevier. This book was released on 2010-11-11 with total page 614 pages. Available in PDF, EPUB and Kindle. Book excerpt: How does education affect economic and social outcomes, and how can it inform public policy?Volume 3 of the Handbooks in the Economics of Education uses newly available high quality data from around the world to address these and other core questions. With the help of new methodological approaches, contributors cover econometric methods and international test score data. They examine the determinants of educational outcomes and issues surrounding teacher salaries and licensure. And reflecting government demands for more evidence-based policies, they take new looks at institutional feaures of school systems. Volume editors Eric A. Hanushek (Stanford), Stephen Machin (University College London) and Ludger Woessmann (Ifo Institute for Economic Research, Munich) draw clear lines between newly emerging research on the economics of education and prior work. In conjunction with Volume 4, they measure our current understanding of educational acquisition and its economic and social effects. Uses rich data to study issues of high contemporary policy relevance Demonstrates how education serves as an important determinant of economic and social outcomes Benefits from the globalization of research in the economics of education

Handbook of Econometrics

Author :
Publisher : Elsevier
ISBN 13 : 0444636544
Total Pages : 594 pages
Book Rating : 4.4/5 (446 download)

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Book Synopsis Handbook of Econometrics by :

Download or read book Handbook of Econometrics written by and published by Elsevier. This book was released on 2020-11-25 with total page 594 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of Econometrics, Volume 7A, examines recent advances in foundational issues and "hot" topics within econometrics, such as inference for moment inequalities and estimation of high dimensional models. With its world-class editors and contributors, it succeeds in unifying leading studies of economic models, mathematical statistics and economic data. Our flourishing ability to address empirical problems in economics by using economic theory and statistical methods has driven the field of econometrics to unimaginable places. By designing methods of inference from data based on models of human choice behavior and social interactions, econometricians have created new subfields now sufficiently mature to require sophisticated literature summaries. Presents a broader and more comprehensive view of this expanding field than any other handbook Emphasizes the connection between econometrics and economics Highlights current topics for which no good summaries exist

Causal Analysis

Author : Martin Huber
Publisher : MIT Press
ISBN 13 : 0262545918
Total Pages : 337 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis Causal Analysis by : Martin Huber

Download or read book Causal Analysis written by Martin Huber and published by MIT Press. This book was released on 2023-08-01 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive and cutting-edge introduction to quantitative methods of causal analysis, including new trends in machine learning. Reasoning about cause and effect—the consequence of doing one thing versus another—is an integral part of our lives as human beings. In an increasingly digital and data-driven economy, the importance of sophisticated causal analysis only deepens. Presenting the most important quantitative methods for evaluating causal effects, this textbook provides graduate students and researchers with a clear and comprehensive introduction to the causal analysis of empirical data. Martin Huber’s accessible approach highlights the intuition and motivation behind various methods while also providing formal discussions of key concepts using statistical notation. Causal Analysis covers several methodological developments not covered in other texts, including new trends in machine learning, the evaluation of interaction or interference effects, and recent research designs such as bunching or kink designs. Most complete and cutting-edge introduction to causal analysis, including causal machine learning Clean presentation of rigorous material avoids extraneous detail and emphasizes conceptual analogies over statistical notation Supplies a range of applications and practical examples using R

Patient Care under Uncertainty

Author : Charles F. Manski
Publisher : Princeton University Press
ISBN 13 : 0691195366
Total Pages : 184 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Patient Care under Uncertainty by : Charles F. Manski

Download or read book Patient Care under Uncertainty written by Charles F. Manski and published by Princeton University Press. This book was released on 2019-09-10 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: How cutting-edge economics can improve decision-making methods for doctors Although uncertainty is a common element of patient care, it has largely been overlooked in research on evidence-based medicine. Patient Care under Uncertainty strives to correct this glaring omission. Applying the tools of economics to medical decision making, Charles Manski shows how uncertainty influences every stage, from risk analysis to treatment, and how this can be reasonably confronted. In the language of econometrics, uncertainty refers to the inadequacy of available evidence and knowledge to yield accurate information on outcomes. In the context of health care, a common example is a choice between periodic surveillance or aggressive treatment of patients at risk for a potential disease, such as women prone to breast cancer. While these choices make use of data analysis, Manski demonstrates how statistical imprecision and identification problems often undermine clinical research and practice. Reviewing prevailing practices in contemporary medicine, he discusses the controversy regarding whether clinicians should adhere to evidence-based guidelines or exercise their own judgment. He also critiques the wishful extrapolation of research findings from randomized trials to clinical practice. Exploring ways to make more sensible judgments with available data, to credibly use evidence, and to better train clinicians, Manski helps practitioners and patients face uncertainties honestly. He concludes by examining patient care from a public health perspective and the management of uncertainty in drug approvals. Rigorously interrogating current practices in medicine, Patient Care under Uncertainty explains why predictability in the field has been limited and furnishes criteria for more cogent steps forward.

Empirical Development Economics

Author : Måns Söderbom
Publisher : Routledge
ISBN 13 : 1135093393
Total Pages : 508 pages
Book Rating : 4.1/5 (35 download)

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Book Synopsis Empirical Development Economics by : Måns Söderbom

Download or read book Empirical Development Economics written by Måns Söderbom and published by Routledge. This book was released on 2014-10-03 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding why so many people across the world are so poor is one of the central intellectual challenges of our time. This book provides the tools and data that will enable students, researchers and professionals to address that issue. Empirical Development Economics has been designed as a hands-on teaching tool to investigate the causes of poverty. The book begins by introducing the quantitative approach to development economics. Each section uses data to illustrate key policy issues. Part One focuses on the basics of understanding the role of education, technology and institutions in determining why incomes differ so much across individuals and countries. In Part Two, the focus is on techniques to address a number of topics in development, including how firms invest, how households decide how much to spend on their children’s education, whether microcredit helps the poor, whether food aid works, who gets private schooling and whether property rights enhance investment. A distinctive feature of the book is its presentation of a range of approaches to studying development questions. Development economics has undergone a major change in focus over the last decade with the rise of experimental methods to address development issues; this book shows how these methods relate to more traditional ones. Please visit the book's website at www.empiricalde.com for online supplements including Stata files and solutions to the exercises.

Handbook of Econometrics

Author : James J. Heckman
Publisher : Elsevier
ISBN 13 : 0444534288
Total Pages : 1057 pages
Book Rating : 4.4/5 (445 download)

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Book Synopsis Handbook of Econometrics by : James J. Heckman

Download or read book Handbook of Econometrics written by James J. Heckman and published by Elsevier. This book was released on 2009-01-13 with total page 1057 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Identification for Prediction and Decision

Author : Charles F. Manski
Publisher : Harvard University Press
ISBN 13 : 9780674033665
Total Pages : 370 pages
Book Rating : 4.0/5 (336 download)

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Book Synopsis Identification for Prediction and Decision by : Charles F. Manski

Download or read book Identification for Prediction and Decision written by Charles F. Manski and published by Harvard University Press. This book was released on 2009-06-30 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a full-scale exposition of Charles Manski's new methodology for analyzing empirical questions in the social sciences. He recommends that researchers first ask what can be learned from data alone, and then ask what can be learned when data are combined with credible weak assumptions. Inferences predicated on weak assumptions, he argues, can achieve wide consensus, while ones that require strong assumptions almost inevitably are subject to sharp disagreements. Building on the foundation laid in the author's Identification Problems in the Social Sciences (Harvard, 1995), the book's fifteen chapters are organized in three parts. Part I studies prediction with missing or otherwise incomplete data. Part II concerns the analysis of treatment response, which aims to predict outcomes when alternative treatment rules are applied to a population. Part III studies prediction of choice behavior. Each chapter juxtaposes developments of methodology with empirical or numerical illustrations. The book employs a simple notation and mathematical apparatus, using only basic elements of probability theory.

Modern Epidemiology

Author : Timothy L. Lash
Publisher : Lippincott Williams & Wilkins
ISBN 13 : 1975166280
Total Pages : 1340 pages
Book Rating : 4.9/5 (751 download)

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Book Synopsis Modern Epidemiology by : Timothy L. Lash

Download or read book Modern Epidemiology written by Timothy L. Lash and published by Lippincott Williams & Wilkins. This book was released on 2020-12-11 with total page 1340 pages. Available in PDF, EPUB and Kindle. Book excerpt: Now in a fully revised Fourth Edition, Modern Epidemiology remains the gold standard text in this complex and evolving field. This edition continues to provide comprehensive coverage of the principles and methods for the design, analysis, and interpretation of epidemiologic research. Featuring a new format allowing space for margin notes, this edition • Reflects both the conceptual development of this evolving science and the increasing role that epidemiology plays in improving public health and medicine. • Features new coverage of methods such as agent-based modeling, quasi-experimental designs, mediation analysis, and causal modeling. • Updates coverage of methods such as concepts of interaction, bias analysis, and time-varying designs and analysis. • Continues to cover the full breadth of epidemiologic methods and concepts, including epidemiologic measures of occurrence and effect, study designs, validity, precision, statistical interference, field methods, surveillance, ecologic designs, and use of secondary data sources. • Includes data analysis topics such as Bayesian analysis, probabilistic bias analysis, time-to-event analysis, and an extensive overview of modern regression methods including logistic and survival regression, splines, longitudinal and cluster-correlated/hierarchical data analysis, propensity scores and other scoring methods, and marginal structural models. • Summarizes the history, specialized aspects, and future directions of topical areas, including among others social epidemiology, infectious disease epidemiology, genetic and molecular epidemiology, psychiatric epidemiology, injury and violence epidemiology, and pharmacoepidemiology.