Comparing IV with structural models: What simple IV can and cannot identify

被引：112

作者：

Heckman, James J. ^{[1
,2
,3
]}

Urzua, Sergio ^{[4
]}

机构：

[1] Univ Chicago, Dept Econ, Chicago, IL 60637 USA

[2] Univ Coll Dublin, Dublin, Ireland

[3] Yale Univ, Cowles Fdn, New Haven, CT 06520 USA

[4] Northwestern Univ, Evanston, IL 60208 USA

来源：

JOURNAL OF ECONOMETRICS | 2010年 / 156卷 / 01期

关键词：

Instrumental variables; Structural approaches; Marschak's Maxim; INSTRUMENTAL VARIABLES; CHOICE; IDENTIFICATION; UNCERTAINTY; ABILITIES; EQUATIONS;

D O I：

10.1016/j.jeconom.2009.09.006

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper compares the economic questions addressed by instrumental variables estimators with those addressed by structural approaches. We discuss Marschak's Maxim: estimators should be selected on the basis of their ability to answer well-posed economic problems with minimal assumptions. A key identifying assumption that allows structural methods to be more informative than IV can be tested with data and does not have to be imposed. (C) 2009 Elsevier B.V. All rights reserved.

引用

页码：27 / 37

页数：11

共 43 条

[1]

Abbring JH, 2007, HBK ECON, V2, P5145, DOI 10.1016/S1573-4412(07)06072-2

[2] 2-STAGE LEAST-SQUARES ESTIMATION OF AVERAGE CAUSAL EFFECTS IN MODELS WITH VARIABLE TREATMENT INTENSITY [J].

ANGRIST, JD ;

IMBENS, GW .

JOURNAL OF THE AMERICAN STATISTICAL ASSOCIATION, 1995, 90 (430) :431-442

[3]

[Anonymous], 1962, Logic, Methodology and Philosophy of Science

[4]

[Anonymous], 1950, COWLES COMMISSION MO

[5] THE ESTIMATION OF WAGE GAINS AND WELFARE GAINS IN SELF-SELECTION MODELS [J].

BJORKLUND, A ;

MOFFITT, R .

REVIEW OF ECONOMICS AND STATISTICS, 1987, 69 (01) :42-49

[6] Life cycle schooling and dynamic selection bias: Models and evidence for five cohorts of American males [J].

Cameron, SV ;

Heckman, JJ .

JOURNAL OF POLITICAL ECONOMY, 1998, 106 (02) :262-333

[7] Estimating the return to schooling: Progress on some persistent econometric problems [J].

Card, D .

ECONOMETRICA, 2001, 69 (05) :1127-1160

[8] Estimating distributions of treatment effects with an application to the returns to schooling and measurement of the effects of uncertainty on college choice [J].

Carneiro, P ;

Hansen, KT ;

Heckman, JJ .

INTERNATIONAL ECONOMIC REVIEW, 2003, 44 (02) :361-422

[9]

CARNEIRO P, 2009, ECONOMETRIC IN PRESS

[10] Separating uncertainty from heterogeneity in life cycle earnings [J].

Cunha, F ;

Heckman, J ;

Navarro, S .

OXFORD ECONOMIC PAPERS-NEW SERIES, 2005, 57 (02) :191-261

← 1 2 3 4 5 →