Arbeitspapier
Comparing IV with structural models: what simple IV can and cannot identify
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 3980
- Klassifikation
-
Wirtschaft
Multiple or Simultaneous Equation Models: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
- Thema
-
Instrumental variables
structural approaches
Marschak's Maxim
Instrumentalvariablen-Schätzmethode
Strukturgleichungsmodell
Schätztheorie
Vergleich
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Heckman, James Joseph
Urzúa, Sergio
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for the Study of Labor (IZA)
- (wo)
-
Bonn
- (wann)
-
2009
- Handle
- URN
-
urn:nbn:de:101:1-20090210196
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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Objekttyp
- Arbeitspapier
Beteiligte
- Heckman, James Joseph
- Urzúa, Sergio
- Institute for the Study of Labor (IZA)
Entstanden
- 2009
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