Arbeitspapier
On event studies and distributed-lags in two-way fixed effects models: Identification, equivalence, and generalization
We discuss important properties and pitfalls of panel-data event study designs. We derive three main results. First, binning of effect window endpoints is a practical necessity and key for identification of dynamic treatment effects. Second, event study designs with binned endpoints and distributed-lag models are numerically identical leading to the same parameter estimates after correct reparametrization. Third, classic dummy variable event study designs can be generalized to models that account for multiple events of different sign and intensity of the treatment, which are particularly interesting for research in labor economics and public finance. We show the practical relevance of our methodological points in a replication study.
- Language
-
Englisch
- Bibliographic citation
-
Series: ZEW Discussion Papers ; No. 20-017
- Classification
-
Wirtschaft
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
Model Construction and Estimation
Public Economics: General
Labor Economics Policies
- Subject
-
event study
distributed-lag
applied microeconomics
credibility revolution
- Event
-
Geistige Schöpfung
- (who)
-
Schmidheiny, Kurt
Siegloch, Sebastian
- Event
-
Veröffentlichung
- (who)
-
ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
- (where)
-
Mannheim
- (when)
-
2020
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Schmidheiny, Kurt
- Siegloch, Sebastian
- ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
Time of origin
- 2020
Other Objects (12)
On event studies and distributed-lags in two-way fixed effects models: Identification, equivalence, and generalization
On event studies and distributed‐lags in two‐way fixed effects models: Identification, equivalence, and generalization
On Event Study Designs and Distributed-Lag Models: Equivalence, Generalization and Practical Implications
On Event Study Designs and Distributed-Lag Models: Equivalence, Generalization and Practical Implications
Employment Effects of Local Business Taxes
Property Taxation, Local Labor Markets and Rental Housing
On event studies and distributed-lags in two-way fixed effects models: identification, equivalence, and generalization
Accounting for labor demand effects in structural labor supply models
Welfare Effects of Property Taxation
Welfare effects of property taxation
Welfare Effects of Property Taxation
Is Soccer Good for You? The Motivational Impact of Big Sporting Events on the Unemployed
On event studies and distributed-lags in two-way fixed effects models: Identification, equivalence, and generalization
On event studies and distributed‐lags in two‐way fixed effects models: Identification, equivalence, and generalization
On Event Study Designs and Distributed-Lag Models: Equivalence, Generalization and Practical Implications
On Event Study Designs and Distributed-Lag Models: Equivalence, Generalization and Practical Implications
Employment Effects of Local Business Taxes
Property Taxation, Local Labor Markets and Rental Housing
On event studies and distributed-lags in two-way fixed effects models: identification, equivalence, and generalization
Accounting for labor demand effects in structural labor supply models
Welfare Effects of Property Taxation
Welfare effects of property taxation
Welfare Effects of Property Taxation
Is Soccer Good for You? The Motivational Impact of Big Sporting Events on the Unemployed
On event studies and distributed-lags in two-way fixed effects models: Identification, equivalence, and generalization
On event studies and distributed‐lags in two‐way fixed effects models: Identification, equivalence, and generalization
On Event Study Designs and Distributed-Lag Models: Equivalence, Generalization and Practical Implications
On Event Study Designs and Distributed-Lag Models: Equivalence, Generalization and Practical Implications
Employment Effects of Local Business Taxes
Property Taxation, Local Labor Markets and Rental Housing
On event studies and distributed-lags in two-way fixed effects models: identification, equivalence, and generalization
Accounting for labor demand effects in structural labor supply models
Welfare Effects of Property Taxation
Welfare effects of property taxation
Welfare Effects of Property Taxation