Semiparametric Distribution Regression with Instruments and Monotonicity

• Tác giả: Dominik Wied
• Ngôn ngữ: eng
• Ký hiệu phân loại: 522.3 Meridional instruments
• Thông tin xuất bản: 2022
• Bộ sưu tập: Metadata
• ID: 196197

Tóm tắt

This paper proposes IV-based estimators for the semiparametric distribution regression model in the presence of an endogenous regressor, which are based on an extension of IV probit estimators. We discuss the causal interpretation of the estimators and two methods (monotone rearrangement and isotonic regression) to ensure a monotonically increasing distribution function. Asymptotic properties and simulation evidence are provided. An application to wage equations reveals statistically significant and heterogeneous differences to the inconsistent OLS-based estimator.