Unconditional effects of general policy interventions

DOI10.1016/J.JECONOM.2023.105570MaRDI QIDQ6152627zbMATH OpenFDO

Authors Julián Martínez-Iriarte, Gabriel Montes-Rojas, Yixiao Sun

Publication date 13 February 2024

Published in Journal of Econometrics (Search for Journal in Brave)

Full work available at URL https://arxiv.org/abs/2201.02292

zbMATH Keywords

location-scale shiftquantile regressionsimultaneous shiftunconditional policy effectunconditional regression

Mathematics Subject Classification ID

Statistics (62-XX) Game theory, economics, finance, and other social and behavioral sciences (91-XX)

Abstract: This paper studies the unconditional effects of a general policy intervention, which includes location-scale shifts and simultaneous shifts as special cases. The location-scale shift is intended to study a counterfactual policy aimed at changing not only the mean or location of a covariate but also its dispersion or scale. The simultaneous shift refers to the situation where shifts in two or more covariates take place simultaneously. For example, a shift in one covariate is compensated at a certain rate by a shift in another covariate. Not accounting for these possible scale or simultaneous shifts will result in an incorrect assessment of the potential policy effects on an outcome variable of interest. The unconditional policy parameters are estimated with simple semiparametric estimators, for which asymptotic properties are studied. Monte Carlo simulations are implemented to study their finite sample performances. The proposed approach is applied to a Mincer equation to study the effects of changing years of education on wages and to study the effect of smoking during pregnancy on birth weight.

Cites work

• Approximation Theorems of Mathematical Statistics
• Asymptotic Statistics
• Econometric analysis of cross section and panel data.
• Inference for extremal conditional quantile models, with an application to market and birthweight risks
• Nonparametric estimation of distributional policy effects
• Partial distributional policy effects
• Structural Equations, Treatment Effects, and Econometric Policy Evaluation1
• The influence function of semiparametric estimators
• Unconditional Quantile Regressions

Cited in

(3)

• Identification of quantile treatment effects in difference-in-differences settings with staggered adoption
• Identification and estimation of unconditional policy effects of an endogenous binary treatment: an unconditional MTE approach
• Unconditional quantile partial effects via conditional quantile regression

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