Estimating distributions of treatment effects with an application to the returns to schooling and measurement of the effects of uncertainty on college choice
Estimating distributions of treatment effects with an application to the returns to schooling and measurement of the effects of uncertainty on college choice
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DOI:
10.1111/1468-2354.t01-1-00074
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发表时间:
2003-05-01
影响因子:
1.5
通讯作者:
Heckman, JJ
中科院分区:
文献类型:
--
作者:
Carneiro, P;Hansen, KT;Heckman, JJ
This article uses factor models to identify and estimate the distributions of counterfactuals. We extend LISREL frameworks to a dynamic treatment effect setting, extending matching to account for unobserved conditioning variables. Using these models, we can identify all pairwise and joint treatment effects. We apply these methods to a model of schooling and determine the intrinsic uncertainty facing agents at the time they make their decisions about enrollment in school. We go beyond the "Veil of Ignorance" in evaluating educational policies and determine who benefits and who loses from commonly proposed educational reforms.