Demystifying causal inference: ingredients of a recipe
Vikram Dayal and
Anand Murugesan ()
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Anand Murugesan: Institute of Economic Growth, Delhi
No 393, IEG Working Papers from Institute of Economic Growth
Abstract:
In the last few decades, scholars have contributed to a flourishing literature on casual inference and the demand for its application in areas like programme evaluation has increased. Our suggestion is that the following ingredients are useful for demystifying causal inference in introductory courses: (1) using the potential outcomes and causal graph frameworks, (2) covering applications with real data that use key methods for causal inference: experiments, regression discontinuity etc., (3) using Monte Carlo simulation, and (4) using data graphs. The first two ingredients are components of the scholarship in causal inference, while the latter two are more general ingredients of statistical and econometric pedagogy. We discuss the case for these ingredients, drawing on the substantive and pedagogical literature, our experience, and student opinions.
Keywords: Human Capital; Parents Income; Income Distribution (search for similar items in EconPapers)
JEL-codes: E22 I24 J62 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2020
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Published as Institute of Economic Growth, Delhi, 2020, pages 1-30
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Persistent link: https://EconPapers.repec.org/RePEc:awe:wpaper:393
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