Structural equations, treatment effects, and econometric policy evaluation
By: James J. Heckman, Edward Vytlacil.
Contributors: Vytlacil, Edward.; National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 11259; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 11259.
Publisher: National Bureau of Economic Research
Published: 2005
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: Economic policy -- Mathematical models.; Economics -- Methodology.
Description: "This paper uses the marginal treatment effect (MTE) to unify the nonparametric literature on treatment effects with the econometric literature on structural estimation using a nonparametric analog of a policy invariant parameter; to generate a variety of treatment effects from a common semiparametric functional form; to organize the literature on alternative estimators; and to explore what policy questions commonly used estimators in the treatment effect literature answer.  A fundamental asymmetry intrinsic to the method of instrumental variables is noted.  Recent advances in IV estimation allow for heterogeneity in responses but not in choices, and the method breaks down when both choice and response equations are heterogeneous in a general way"--National Bureau of Economic Research web site.
Notes: Includes bibliographical references.
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Mode of access: World Wide Web.