Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/96703
Year of Publication: 
2014
Series/Report no.: 
IZA Discussion Papers No. 8048
Publisher: 
Institute for the Study of Labor (IZA), Bonn
Abstract: 
I review recent work in the statistics literature on instrumental variables methods from an econometrics perspective. I discuss some of the older, economic, applications including supply and demand models and relate them to the recent applications in settings of randomized experiments with noncompliance. I discuss the assumptions underlying instrumental variables methods and in what settings these may be plausible. By providing context to the current applications a better understanding of the applicability of these methods may arise.
Subjects: 
simultaneous equations models
randomized experiments
potential outcomes
noncompliance
selection models
instrumental variables
JEL: 
C01
Document Type: 
Working Paper

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