Using Matching, Instrumental Variables and Control Functions to Estimate Economic Choice Models

No 9497, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper investigates four topics. (1) It examines the different roles played by the propensity score (probability of selection) in matching, instrumental variable and control functions methods. (2) It contrasts the roles of exclusion restrictions in matching and selection models. (3) It characterizes the sensitivity of matching to the choice of conditioning variables and demonstrates the greater robustness of control function methods to misspecification of the conditioning variables. (4) It demonstrates the problem of choosing the conditioning variables in matching and the failure of conventional model selection criteria when candidate conditioning variables are not exogenous.

JEL-codes: C31 (search for similar items in EconPapers)
Date: 2003-02
New Economics Papers: this item is included in nep-dcm, nep-ecm and nep-pol
Note: CH ED LS PE
References: Add references at CitEc
Citations: View citations in EconPapers (23)

Published as James Heckman & Salvador Navarro-Lozano, 2004. "Using Matching, Instrumental Variables, and Control Functions to Estimate Economic Choice Models," The Review of Economics and Statistics, MIT Press, vol. 86(1), pages 30-57, 08.

Downloads: (external link)
http://www.nber.org/papers/w9497.pdf (application/pdf)

Related works:
Journal Article: Using Matching, Instrumental Variables, and Control Functions to Estimate Economic Choice Models (2004)
Working Paper: Using matching, instrumental variables and control functions to estimate economic choice models (2003)
Working Paper: Using Matching, Instrumental Variables and Control Functions to Estimate Economic Choice Models (2003)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:9497

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w9497

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().