Which Estimates of Metropolitan-Area Jobs Growth Should We Trust?
نویسندگان
چکیده
منابع مشابه
How Much Should We Trust Differences-in-differences Estimates?*
Most papers that employ Differences-in-Differences estimation (DD) use many years of data and focus on serially correlated outcomes but ignore that the resulting standard errors are inconsistent. To illustrate the severity of this issue, we randomly generate placebo laws in state-level data on female wages from the Current Population Survey. For each law, we use OLS to compute the DD estimate o...
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متن کاملHow Much Should We Trust Differences-in-differences Estimates? Differencesin-differences Estimates? How Much Should We Trust Differences-in-differences Estimates?
Most Difference-in-Difference (DD) papers rely on many years of data and focus on serially correlated outcomes. Yet almost all these papers ignore the bias in the estimated standard errors that serial correlation introduces. This is especially troubling because the independent variable of interest in DD estimation (e.g. the passage of law) is itself very serially correlated, which will exacerba...
متن کاملHow Much Should We Trust
Most papers that employ Differences-in-Differences estimation (DD) use many years of data and focus on serially correlated outcomes but ignore that the resulting standard errors are inconsistent. To illustrate the severity of this issue, we randomly generate placebo laws in state-level data on female wages from the Current Population Survey. For each law, we use OLS to compute the DD estimate o...
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When Dr Pless presents his qualifications “to pontificate” on preventing child injuries, he forgets to mention that he has nurtured, cajoled, nagged and inspired a generation of researchers and practitioners in the field to strive for a better deal for children. I am among those so privileged. Perhaps for this reason more than any other, I find myself contemplating his convictions along with th...
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ژورنال
عنوان ژورنال: Economic Commentary (Federal Reserve Bank of Cleveland)
سال: 2014
ISSN: 2163-3738,0428-1276
DOI: 10.26509/frbc-ec-201405