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Alternative approaches to evaluation in empirical microeconomics

Blundell, R.; Costa Dias, M.; (2002) Alternative approaches to evaluation in empirical microeconomics. (cemmap Working Papers CWP10/). Institute for Fiscal Studies: London, UK. Green open access

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Abstract

Four alternative but related approaches to empirical evaluation of policy interventions are studied: social experiments, natural experiments, matching methods, and instrumental variables. In each case the necessary assumptions and the data requirements are considered for estimation of a number of key parameters of interest. These key parameters include the average treatment effect, the treatment of the treated and the local average treatment effect. Some issues of implementation and interpretation are discussed drawing on the labour market programme evaluation literature.

Type: Working / discussion paper
Title: Alternative approaches to evaluation in empirical microeconomics
Open access status: An open access version is available from UCL Discovery
Publisher version: http://www.cemmap.ac.uk/publications.php?publicati...
Language: English
Additional information: Also see http://eprints.ucl.ac.uk/14666/ for an alternative version of this paper
Keywords: JEL classification: J21, J64, C33. Evaluation methods, matching, instrumental variables, social experiments, natural experiments
UCL classification: UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics
URI: https://discovery.ucl.ac.uk/id/eprint/14705
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