Results

CentrePiece article

What have the 2021 Nobel laureates done for us?

The 2021 Nobel Prize in Economic Sciences was awarded to David Card, Joshua Angrist and Guido Imbens. Jorn-Steffen Pischke explains how the use of natural experiments in empirical economics, work in which they were pione...Read more...

Journal article

Economica:

Does Rosie like riveting? Male and female occupational choices

Occupational segregation and pay gaps by gender remain large, while many of the constraints traditionally believed to be responsible for these gaps seem to have weakened over time. We explore the possibility that women a...Read more...

Blog

VoxEU:

Why natural experiments won the Nobel

Josh Angrist, David Card, and Guido Imbens shared the Nobel in 2021 for their pioneering work on natural experiments that, in the words of the committee, "revolutionised empirical research". Steve Pischke tells Tim Phill...Read more...

Journal article

Wirtschaftsdienst:

Natural Experiments in Labor Economics and Beyond: the 2021 Nobel laureates David Card, Joshua Angrist, and Guido Imbens

This year?s Nobel Prize in Economics honoured David Card of the University of California, Berkeley ?for his empirical contributions to labour economics?, and Joshua Angrist of MIT and Guido Imbens of Stanford University ...Read more...

Blog

VoxEU:

Natural experiments in labour economics and beyond: the 2021 Nobel laureates David Card, Joshua Angrist, and Guido Imbens

The 2021 Nobel Prize in Economic Sciences has been awarded to David Card of the University of California, Berkeley, "for his empirical contributions to labour economics", and to Joshua Angrist of MIT and Guido Imbens of ...Read more...

Journal article

The Review of Economics and Statistics:

Of mice and merchants: connectedness and the location of economicactivity in the Iron Age

We study the causal relationship between geographic connectedness and development using one of the earliest massive trade expansions: the first systematic crossing of open seas in the Mediterranean during the time of the...Read more...

Journal article

Journal of Business and Economic Statistics:

Poorly measured confounders are more useful on the left than on the right

Researchers frequently test identifying assumptions in regression based research designs (which include e.g. instrumental variables or differences-in-differences models) by adding additional control variables on the righ...Read more...

CentrePiece article

Trade and growth in the Iron Age

Stephan Maurer and colleagues investigate the growth effects of one of the first trade expansions in history: the crossing of the Mediterranean by the Phoenicians ...Read more...

CEP discussion paper

Of mice and merchants: trade and growth in the Iron Age

We study the causal connection between trade and development using one of the earliest massive trade expansions: the first systematic crossing of open seas in the Mediterranean during the time of the Phoenicians. We cons...Read more...

Journal article

Economica:

Wage flexibility and employment fluctuations: evidence from the housing sector

Many economists suspect that downward nominal wage rigidities in ongoing labour contracts are an important source of employment fluctuations over the business cycle, but there is little direct empirical evidence on this ...Read more...

CEP discussion paper

Poorly measured confounders are more useful on the left than on the right

Researchers frequently test identifying assumptions in regression based research designs (which include instrumental variables or difference-in-differences models) by adding additional control variables on the right hand...Read more...

Journal article

Journal of Economic Perspectives:

Undergraduate econometrics instruction: through our classes, darkly

The past half-century has seen economic research become increasingly empirical, while the nature of empirical economic research has also changed. In the 1960s and 1970s, an empirical economist's typical mission was to "e...Read more...

CEP discussion paper

Does Rosie like riveting? Male and female occupational choices

Occupational segregation and pay gaps by gender remain large while many of the constraints traditionally believed to be responsible for these gaps have weakened over time. Here, we explore the possibility that women and ...Read more...

CEP discussion paper

Wage flexibility and employment fluctuations: evidence from the housing sector

Many economists suspect that downward nominal wage rigidities in ongoing labor contracts are an important source of employment fluctuations over the business cycle but there is little direct empirical evidence on this co...Read more...

CentrePiece article

The path from cause to effect: mastering 'metrics

How should researchers interested in social and economic policy untangle cause and effect? A new book by Joshua Angrist and Jorn Steffen Pischke shows how the five core econometric tools -randomised trials, regression, ...Read more...

Book

Mastering 'Metrics
The Path from Cause to Effect

Applied econometrics, known to aficionados as 'metrics, is the original data science. 'Metrics encompasses the statistical methods economists use to untangle cause and effect in human affairs. Through accessible disc...Read more...

CEP discussion paper

A Cautionary Note on Using Industry Affiliation to Predict Income

Many literatures investigate the causal impact of income on economic outcomes, for example in the context of intergenerational transmission or well-being and health. Some studies have proposed to use employer wage differ...Read more...

CEP discussion paper

Money and Happiness: Evidence from the Industry Wage Structure

There is a well-established positive correlation between life-satisfaction measures and income in individual level cross-sectional data. This paper attempts to provide some evidence on whether this correlation reflects c...Read more...

CEP discussion paper

The Credibility Revolution in Empirical Economics: How Better Research Design is taking the Con out of Econometrics

This essay reviews progress in empirical economics since Leamer?s (1983) critique. Leamer highlighted the benefits of sensitivity analysis, a procedure in which researchers show how their results change with changes in s...Read more...

Book

Mostly Harmless Econometrics
An Empiricist's Companion

The core methods in today's econometric toolkit are linear regression for statistical control, instrumental variables methods for the analysis of natural experiments, and differences-in-differences methods that explo...Read more...

CEE/Education and skills discussion paper

Returns to Apprenticeship Training in Austria: Evidence from Failed Firms

Little is known about the payoffs to apprenticeship training in the German speaking countries for the participants. OLS estimates suggest that the returns are similar to those of other types of schooling. However, there ...Read more...

CEE/Education and skills discussion paper

Comprehensive Versus Selective Schooling in England and Wales: What Do We Know?

British secondary schools moved from a system of extensive and early selection and tracking in secondary schools to one with comprehensive schools during the 1960s and 70s. Before the reform, students would take an exam ...Read more...

CEE/Education and skills discussion paper

Peer Effects in European Primary Schools: Evidence from PIRLS

We estimate peer effects for fourth graders in six European countries. The identification relies on variation across classes within schools. We argue that classes within primary schools are formed roughly randomly with r...Read more...

CEE/Education and skills discussion paper

Zero Returns to Compulsory Schooling in Germany: Evidence and Interpretation

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CEP discussion paper

Labor Market Institutions, Wages and Investment

Labor market institutions, via their effect on the wage structure, affect the investment decisions of firms in labor markets with frictions. This observation helps explain rising wage inequality in the US, but a relative...Read more...

CEE/Education and skills discussion paper

The Impact of the School Year on Student Performance and Earnings: Evidence from the German short school years

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CEP discussion paper

Minimum Wages and On-the-Job Training

Becker's theory of human capital predicts that minimum wages should reduce training investments for affected workers because they prevent these workers from taking wage cuts necessary to finance training. In contrast, i...Read more...