instrumental variable (iv) estimation
2 episodes mention this concept
- MIT Open EconomyApr 5, 2023
The Neoclassical Model of Savings, Precautionary Behavior, and Empirical Puzzles in Development Economics
EconomicsNeoclassical model of savingsInter-temporal optimizationUtility functionDiscount rate (Delta) - MIT Open EconomyApr 5, 2023
Labor Supply Decisions: Elasticity, Poverty's Cognitive Impact, and Identity Preferences in Job Choice
EconomicsLabor Supply ElasticityLabor Demand ShocksConsumption SmoothingWage Externality
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Related concepts
Concepts that appear alongside instrumental variable (iv) estimation across episodes.
- consumption smoothing
- poverty trap (cognitive channel)
- discount rate (delta)
- risk aversion
- permanent income
- interaction effects
- transitory income
- liquidity constraints
- savings constraints
- consumption martingale
- wage externality
- bellman equation
- inter-temporal optimization
- becker-degroot-marschak (bdm) mechanism
- prudence (positive third derivative of utility)
- marginal utility of consumption
- labor supply elasticity
- i.i.d. shocks
- maximum likelihood estimation
- envelope theorem