Title: 21st Century Instrumental Variable Models
Lecturer：Prof. Andrew Chesher
Lecturer：Prof.Ying Fan
Time： 2017.6.12 10:00
Location：Yifu Buiding 1stFloor East Conference Room
Abstract:
21st century instrumental variable models allow outcomes to havediscrete elements, the existence of many sources of heterogeneity influencingthe values outcomes take and inequality restrictions amongst observed variablesand unobserved heterogeneity.
By contrast, 20th century instrumental variable models havecontinuous outcomes, very limited scope for the influence of unobservedheterogeneity on outcomes and only accommodate equality restrictions.
This lecture motivates and exposits our extension of the Scope ofapplication of IV models, set out in “Generalized Instrumental VariableModels”, Andrew Chesher and Adam Rosen, Econometrica, 2017, and applies to amodel of female labor force participation.
