Using Matching, Instrumental Variables and Control Functions to Estimate Economic Choice Models
James Heckman and
Salvador Navarro ()
No 9497, NBER Working Papers from National Bureau of Economic Research, Inc
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)
New Economics Papers: this item is included in nep-dcm, nep-ecm and nep-pol
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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.
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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)
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