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Recent Developments in the Econometrics of Program Evaluation

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  • Guido M. Imbens
  • Jeffrey M. Wooldridge

Abstract

Many empirical questions in economics and other social sciences depend on causal effects of programs or policiy interventions. In the last two decades much research has been done on the econometric and statistical analysis of the effects of such programs or treatments. 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 micro-economics. 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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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 14251.

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Date of creation: Aug 2008
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Publication status: published as Guido W. Imbens & Jeffrey M. Wooldridge, 2009. "Recent Developments in the Econometrics of Program Evaluation," Journal of Economic Literature, American Economic Association, vol. 47(1), pages 5-86, March.
Handle: RePEc:nbr:nberwo:14251

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