Estimating heterogeneous effects: Applications to labor economics

IF 2.2 2区 经济学 Q2 ECONOMICS Labour Economics Pub Date : 2024-10-19 DOI:10.1016/j.labeco.2024.102638
Stéphane Bonhomme , Angela Denis
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Abstract

A growing number of applications involve settings where, in order to infer heterogeneous effects, a researcher compares various units. Examples of research designs include children moving between different neighborhoods, workers moving between firms, patients migrating from one city to another, and banks offering loans to different firms. We present a unified framework for these settings, based on a linear model with normal random coefficients and normal errors. Using the model, we discuss how to recover the mean and dispersion of effects, other features of their distribution, and to construct predictors of the effects. We provide moment conditions on the model’s parameters, and outline various estimation strategies. A main objective of the paper is to clarify some of the underlying assumptions by highlighting their economic content, and to discuss and inform some of the key practical choices.
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估算异质效应:劳动经济学的应用
越来越多的应用涉及这样的环境:为了推断异质效应,研究人员需要比较不同的单位。研究设计的例子包括在不同社区之间流动的儿童、在不同公司之间流动的工人、从一个城市迁移到另一个城市的病人以及向不同公司提供贷款的银行。我们根据具有正态随机系数和正态误差的线性模型,提出了一个适用于这些环境的统一框架。利用该模型,我们讨论了如何恢复效应的均值和离散度及其分布的其他特征,以及如何构建效应的预测因子。我们提供了模型参数的矩条件,并概述了各种估计策略。本文的一个主要目的是通过强调经济内容来澄清一些基本假设,并讨论和说明一些关键的实际选择。
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来源期刊
Labour Economics
Labour Economics ECONOMICS-
CiteScore
3.60
自引率
8.30%
发文量
142
期刊介绍: Labour Economics is devoted to publishing research in the field of labour economics both on the microeconomic and on the macroeconomic level, in a balanced mix of theory, empirical testing and policy applications. It gives due recognition to analysis and explanation of institutional arrangements of national labour markets and the impact of these institutions on labour market outcomes.
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