Cited by 4,926Advanced Causal Inference TechniquesEvaluation and Performance AssessmentSpatial and Panel Data Analysis

Recent Developments in the Econometrics of Program Evaluation

Open access
Imbens, Guido W, Wooldridge, Jeffrey M·2009·Journal of Economic Literature

Abstract

Many empirical questions in economics and other social sciences depend on causal effects of programs or policies. In the last two decades, much research has been done on the econometric and statistical analysis of such causal effects. This recent theoretical literature has built on, and combined features of, earlier work in both the statistics and econometrics literatures. It has by now reached a level of maturity that makes it an important tool in many areas of empirical research in economics, including labor economics, public finance, development economics, industrial organization, and other areas of empirical microeconomics. In this review, we discuss some of the recent developments. We focus primarily on practical issues for empirical researchers, as well as provide a historical overview of the area and give references to more technical research.

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  • The live experiment was designed to measure the model's impact on realized income using a difference-in-differences statistical procedure.

    “The live experiment was specifically designed to measure the model's impact on that metric by using a difference-in-differences statistical procedure - see Stock and Watson (2003) for a textbook discussion and see Imbens and Wooldridge (2009) for a survey on the use of difference-in-differences for program evaluation.”

    From Clearance Pricing Optimization for a Fast-Fashion Retailer (2012) · cites this paper as Imbens and Wooldridge (2009)

  • The propensity score and entropy weighting match treatment and control groups on a wider range of individual- and school-level characteristics.

    “Moreover, we match treatment and control groups on a wider range of individual- and school-level characteristics using reweighting on the propensity of treatment (68) and maximum-entropy balancing (69).”
  • Adjusting treatment and comparison groups for differences in observed covariates removes all biases in comparisons between treated and comparison units.

    “All these labels referred to some variant of the assumption that adjusting treatment and comparison groups for differences in observed covariates X (i.e., pretreatment variables) removed all biases in comparisons between treated and comparison units (Imbens & Wooldridge, 2009).”
  • Because extension participation is voluntary and discussion groups may attract more motivated farmers with better performances, concerns remain regarding time-varying unobserved heterogeneity.

    “because extension participation is voluntary and discussion groups may attract more motivated farmers with better performances, concerns remain regarding time-varying unobserved heterogeneity (Imbens and Wooldridge, 2009).”

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Research works printed but not linked: 21

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Authors
Imbens, G. W., & Wooldridge, J. M.
Affiliations
  • National Bureau of Economic Research (US)
  • Michigan State University (US)
Venue
Journal of Economic Literature
Published
2009-03-01
Volume
47
Issue
1
Pages
5-86
ISSN
0022-0515 (ISSN-L)
OpenAlex
W3121385028
Cited by
4,926
References
375
Citations by year
2026: 313 · 2025: 400 · 2024: 319 · 2023: 303 · 2022: 298 · 2021: 325 · 2020: 351 · 2019: 346 · 2018: 331 · 2017: 289 · 2016: 270 · 2015: 284 · 2014: 273 · 2013: 224 · 2012: 201
FWCI
164.06
Type
journal article
Language
en
Open access
Locations
  • Journal of Economic Literature (publishedVersion)
  • Digital Access to Scholarship at Harvard (DASH) (Harvard University) (submittedVersion, cc-by)
  • RePEc: Research Papers in Economics (submittedVersion)
Topics
  • Physical Sciences › Mathematics › Statistics and Probability › Advanced Causal Inference Techniques
  • Social Sciences › Decision Sciences › Management Science and Operations Research › Evaluation and Performance Assessment
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Spatial and Panel Data Analysis
Keywords
program evaluation, causal effects, causal inference, policy evaluation, labor economics, public finance, development economics, industrial organization

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