Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/20049 
Year of Publication: 
2003
Series/Report no.: 
IZA Discussion Papers No. 804
Publisher: 
Institute for the Study of Labor (IZA), Bonn
Abstract: 
H. Theil has made important contributions to the analysis of simultaneous-equations models. This paper gives an exposition of some closely related recent developments in microeconometrics, with a focus on efforts to develop robust methods for dynamic policy evaluation. We set the stage with a brief discussion of the static treatment-effect approach to program evaluation and non-parametric structural models. We then critically analyze the dynamic treatment-effects approach adopted from statistics. Finally, we review the eventhistory approach. We clarify some of the fundamental problems that arise in the analysis of such models by rephrasing a canonical version as a simultaneous-equations model.
Subjects: 
dynamic policy evaluation
structural models
treatment effects
event-history analysis
JEL: 
C41
C30
C14
Document Type: 
Working Paper

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