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来源类型Working Paper
规范类型报告
DOI10.3386/w29726
来源IDWorking Paper 29726
Empirical Strategies in Economics: Illuminating the Path from Cause to Effect
Joshua Angrist
发表日期2022-02-07
出版年2022
语种英语
摘要The view that empirical strategies in economics should be transparent and credible now goes almost without saying. The local average treatment effects (LATE) framework for causal inference helped make this so. The LATE theorem tells us for whom particular instrumental variables (IV) and regression discontinuity estimates are valid. This lecture uses several empirical examples, mostly involving charter and exam schools, to highlight the value of LATE. A surprising exclusion restriction, an assumption central to the LATE interpretation of IV estimates, is shown to explain why enrollment at Chicago exam schools reduces student achievement. I also make two broader points: IV exclusion restrictions formalize commitment to clear and consistent explanations of reduced-form causal effects; compelling applications demonstrate the power of simple empirical strategies to generate new causal knowledge.
主题Other ; History of Economic Thought ; Health, Education, and Welfare ; Education ; Labor Economics ; Demography and Aging ; Labor Supply and Demand
URLhttps://www.nber.org/papers/w29726
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/587400
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Joshua Angrist. Empirical Strategies in Economics: Illuminating the Path from Cause to Effect. 2022.
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