Topic
Structural estimation
About: Structural estimation is a research topic. Over the lifetime, 305 publications have been published within this topic receiving 9886 citations.
Papers published on a yearly basis
Papers
TL;DR: In this article, the marginal treatment effect (MTE) is used to unify the nonparametric literature on treatment effects with the econometric literature on structural estimation using a non-parametric analog of a policy invariant parameter; to generate a variety of treatment effects from a common semiparametric functional form; and to explore what policy questions commonly used estimators in the treatment effect literature answer.
Abstract: 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 (IV) 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.
1,182 citations
TL;DR: This chapter summarizes the ability of the models to track the shift in departure rates induced by the 1982 window plan, based on the estimated utility function parameters using data prior to 1982.
Abstract: Publisher Summary This chapter summarizes the ability of the models to track the shift in departure rates induced by the 1982 window plan. All forecasts were based on the estimated utility function parameters using data prior to 1982. Using these parameters, predictions were generated from all four models after incorporating the extra bonus provisions of the window plan. The structural models were generally able to accurately predict the large increase in departure rates induced by the window plan, although once again none of the models was able to capture the peak in departure rates at age 65. On the other hand, the reduced-form probit model predicted that the window plan had essentially no effect on departure rates. Other reduced-form specifications greatly overpredicted departure rates under the window plan.
750 citations
TL;DR: The authors introduce a class of instrumental quantile regression methods for heterogeneous treatment effect models and simultaneous equations models with nonadditive errors and offer computable methods for estimation and inference, which can be used to evaluate the impact of endogenous variables or treatments on the entire distribution of outcomes.
696 citations
TL;DR: In this article, an equilibrium search model with on-the-job-search is presented, where firms make take-it-or-leave-it wage offers to workers conditional on their characteristics and they can respond to the outside job offers received by their employees.
Abstract: We construct and estimate an equilibrium search model with on–the–job–search. Firms make take–it–or–leave–it wage offers to workers conditional on their characteristics and they can respond to the outside job offers received by their employees. Unobserved worker productive heterogeneity is introduced in the form of cross–worker differences in a "competence" parameter. On the other side of the market, firms also are heterogeneous with respect to their marginal productivity of labor. The model delivers a theory of steady–state wage dispersion driven by heterogenous worker abilities and firm productivities, as well as by matching frictions. The structural model is estimated using matched employer and employee French panel data. The exogenous distributions of worker and firm heterogeneity components are nonparametrically estimated. We use this structural estimation to provide a decomposition of cross–employee wage variance. We find that the share of the cross–sectional wage variance that is explained by person effects varies across skill groups. Specifically, this share lies close to 40% for high–skilled white collars, and quickly decreases to 0% as the observed skill level decreases. The contribution of market imperfections to wage dispersion is typically around 50%.
646 citations
Posted Content•
540 citations
Related Topics (5)
Performance Metrics
| Year | Papers |
|---|---|
| 2024 | 1 |
| 2023 | 3 |
| 2022 | 7 |
| 2021 | 6 |
| 2020 | 15 |
| 2019 | 5 |