We investigate conditions sufficient for identification of average treatment effects using instrumental variables. First we show that the existence of valid instruments is not sufficient to identify any meaningful average treatment effect. We then establish that the combination of an instrument and a condition on the relation between the instrument and the participation status is sufficient for identification of a local average treatment effect for those who can be induced to change their participation status by changing the value of the instrument. Finally we derive the probability limit of the standard IV estimator under these conditions. It is seen to be a weighted average of local average treatment effects.

Evolution and Rationality Some Recent Game-Theoretic Results. Identification and Estimation of Local Average Treatment Effects

IDENTIFICATION AND INFERENCE FOR ECONOMETRIC MODELS ESSAYS IN HONOR OF THOMAS ROTHENBERG PDF Are you looking for Ebook identification and inference for econometric models essays in honor of thomas rothenberg PDF? You will be glad to know that right now identification and inference for econometric models essays in honor of thomas rothenberg PDF is available on our online library. With our online resources, you can find identification and inference for econometric models essays in honor of thomas rothenberg or just about any type of ebooks, for any type of product.

Identification and Inference for Econometric Models: Essays in Honor of Thomas Rothenberg

This article presents a meta-analysis of recent microeconometric evaluations of active labour market policies. We categorise 199 programme impacts from 97 studies conducted between 1995 and 2007. Job search assistance programmes yield relatively favourable programme impacts, whereas public sector employment programmes are less effective. Training programmes are associated with positive medium-term impacts, although in the short term they often appear ineffective. We also find that the outcome variable used to measure programme impact matters, but neither the publication status of a study nor the use of a randomised design is related to the sign or significance of the programme estimate.

/pdf/active-labor-market-policy-evaluations-a-meta-analysis-2watptuysx.pdf

Active labor market policy evaluations: a meta-analysis

The positive cross-sectional relationship between the schooling of mothers and their children is substantially biased upward due to correlations between schooling and heritable ability as well as assortative mating. An increase in the schooling of women would not have beneficial effects in terms of the schooling of children. Increased maternal schooling leads to reduced home time for mothers. Anticipating the consequences of investing in women's schooling requires attention to the role that schooling plays in the marriage market as well as to opportunities in the labor market for women.

/pdf/does-increasing-women-s-schooling-raise-the-schooling-of-the-2z39x73832.pdf

Does Increasing Women's Schooling Raise the Schooling of the Next Generation?

A key open question for theories of reference-dependent preferences is what determines the reference point. One candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment, we manipulate the rational expectations of subjects and check whether this manipulation influences their effort provision. We find that effort provision is significantly different between treatments in the way predicted by models of expectation-based reference-dependent preferences: if expectations are high, subjects work longer and earn more money than if expectations are low.

Reference Points and Effort Provision

The number of university students participating in exchange programs has risen sharply over the last decade. A survey of Swiss university graduates (classes of 1999 and 2001) shows that participation in student exchange programs depends significantly on the socio-economic background of students. We further analyze whether the participants benefit from additional advantages caused by these exchange programs. Analyses show that student exchange programs are associated with higher starting salaries and a higher likelihood of opting for postgraduate degrees. Analyses using instrumental variable estimations (IV), however, show that these outcomes are not causally related to participation in exchange programs.

/pdf/are-student-exchange-programs-worth-it-1myrq5ym1m.pdf

Are student exchange programs worth it

This paper presents the results of a randomized experiment analyzing the use of vouchers for adult training. In 2006, 2,400 people were issued with a training voucher which they were entitled to use in payment for a training course of their choice. User behavior was compared with a control group of 14,000 people. People in the treatment and in the control group were not aware at any time that they were part of an experiment. The experiment shows that the voucher had a significant causal impact on participation in training modules. Nevertheless, the increase was partially offset by a deadweight loss in excess of fifty percent.

https://www.econstor.eu/bitstream/10419/26593/1/592855899.PDF

Money matters: evidence from a large-scale randomized field experiment with vouchers for adult training

Lifelong learning is often promoted in aging societies, but little is known about its returns or governments’ ability to advance it. This paper evaluates the effects of a large-scale randomized field experiment issuing vouchers for adult education in Switzerland. We find no significant average effects of the voucher program on earnings, employment, and subsequent education 1. year after treatment. But effects are heterogeneous: low-educated individuals are most likely to profit from adult education, but least likely to use the voucher. In addition, the public voucher program appears to crowd out firm-financed training. The findings cast doubt on the effectiveness of untargeted voucher programs in promoting labor market outcomes through adult education.

The impact of an adult education voucher program: Evidence from a randomized field experiment

When students themselves enjoy large degrees of freedom in determining the duration of their studies, it results in a fairly large degree of interindividual variance in terms of time-todegree. This paper investigates individual time-to-degree in a model where students determine the optimum time-to-degree whilst weighing up the cost against the consumption benefit accruing from an additional semester of studies. According to this model, the cost level and consumption benefit depend, in turn, on the general economic environment during the study period. An empirical investigation using a data set based on Swiss university graduates from 1981 to 2001 shows that changes in the unemployment rate, real interest rate, wage levels, and economic growth have a significant impact on individual time-todegree. These results are consistent with the conclusions derived from the theoretical model.

/pdf/time-to-degree-and-the-business-cycle-460en0uym6.pdf

Dolores Messer

Papers

Are student exchange programs worth it

Money matters: evidence from a large-scale randomized field experiment with vouchers for adult training

The impact of an adult education voucher program: Evidence from a randomized field experiment

The impact of an adult education voucher program: Evidence from a randomized field experiment

Time-to-Degree and the Business Cycle *