English, Article, Journal or magazine article edition: Comparing IV with Structural Models: What Simple IV Can and Cannot Identify James J. Heckman; Sergio Urzua

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Bookmark: http://trove.nla.gov.au/version/19260
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Comparing IV With Structural Models: What Simple IV Can and Cannot Identify
Author
  • James J. Heckman
  • Sergio Urzua
Physical Description
  • preprint
Notes
  • Instrumental Variables, Structural Approaches, Marschak's Maxim
  • RePEc:ucd:wpaper:200906
  • This paper compares the economic questions addressed by instrumental variables estimators with those addressed by structural approaches. We discuss Marschak's Maxim: estimators should be selected on the basis of their ability to answer well-posed economic problems with minimal assumptions. A key identifying assumption that allows structural methods to be more informative than IV can be tested with data and does not have to be imposed.
  • RePEc:nbr:nberwo:14706
Language
  • English
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