Endogeneity

An ivreg2 function for R

May 3, 2012 | diffuseprior

The ivreg2 command is one of the most popular routines in Stata. The reason for this popularity is its simplicity. A one-line ivreg2 command generates not only the instrumental variable regression coefficients and their standard errors, but also a number of other statistics of interest. I have come across a ... [Read more...]

Instrumental Variables without Traditional Instruments

April 14, 2012 | diffuseprior

Typically, regression models in empirical economic research suffer from at least one form of endogeneity bias. The classic example is economic returns to schooling, where researchers want to know how much increased levels of education affect income. Estimation using a simple linear model, regressing income on schooling, alongside a bunch ... [Read more...]

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