Wednesday, April 27, 2016

Discussion of economic research methods

Equitable Growth in Conversation: An interview with David Card and Alan Krueger - Equitable Growth: "avid Card: There are several origin stories that meet sometime in the late ’80s, I would say, in Princeton. One part of the origin story would be Bob LaLonde’s paper on evaluating the evaluation methodologies. So, in the 1970s, if you were taking a class in labor economics, you would spend a huge amount of time going through the modeling section and the econometric method. And ordinarily, you wouldn’t even talk about the tables. No one would even really think of that as the important part of the paper. The important part of the paper was laying out exactly what the method was.

But there was an underlying current of how believable are these estimates, what exactly are we missing. And some of that came to the fore in LaLonde’s paper."

'via Blog this'

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