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Title: Concave-Monotone Treatment Response and Monotone Treatment Selection: With an Application to the Returns to Schooling
Resulting in 1 citation.
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Okumura, Tsunao Usui, Emiko |
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Concave-Monotone Treatment Response and Monotone Treatment Selection: With an Application to the Returns to Schooling Quantitative Economics 5,1 (March 2014): 175-194. Also: http://onlinelibrary.wiley.com/doi/10.3982/QE268/abstract Cohort(s): NLSY79 Publisher: Wiley Online Keyword(s): Educational Returns; Statistical Analysis; Treatment Response: Monotone, Semimonotone, or Concave-monotone Permission to reprint the abstract has not been received from the publisher. This paper identifies sharp bounds on the mean treatment response and average treatment effect under the assumptions of both the concave-monotone treatment response (concave-MTR) and the monotone treatment selection (MTS). We use our bounds and the U.S. National Longitudinal Survey of Youth 1979 to estimate mean returns to schooling. Our upper-bound estimates are substantially smaller than (i) estimates using only the concave-MTR assumption of Manski (1997), and (ii) estimates using only the MTR and MTS assumptions of Manski and Pepper (2000). Our upper-bound estimates fall in the range of the point estimates given in previous studies that assume linear wage functions. |
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Bibliography Citation
Okumura, Tsunao and Emiko Usui. "Concave-Monotone Treatment Response and Monotone Treatment Selection: With an Application to the Returns to Schooling." Quantitative Economics 5,1 (March 2014): 175-194.
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