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Autor:innen: 
Erscheinungsjahr: 
2014
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 8048
Verlag: 
Institute for the Study of Labor (IZA), Bonn
Zusammenfassung: 
I review recent work in the statistics literature on instrumental variables methods from an econometrics perspective. I discuss some of the older, economic, applications including supply and demand models and relate them to the recent applications in settings of randomized experiments with noncompliance. I discuss the assumptions underlying instrumental variables methods and in what settings these may be plausible. By providing context to the current applications a better understanding of the applicability of these methods may arise.
Schlagwörter: 
simultaneous equations models
randomized experiments
potential outcomes
noncompliance
selection models
instrumental variables
JEL: 
C01
Dokumentart: 
Working Paper

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