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Data-driven sensitivity analysis for matching estimators

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  • Cerulli, Giovanni

Abstract

This paper proposes a sensitivity analysis test of unobservable selection for matching estimators based on a “leave-one-covariate-out” (LOCO) algorithm. Rooted in the machine learning literature, this sensitivity test performs a bootstrap over different subsets of covariates, and simulates various estimation scenarios to be compared with the baseline matching results. We provide an empirical application, comparing results with more traditional sensitivity tests.

Suggested Citation

  • Cerulli, Giovanni, 2019. "Data-driven sensitivity analysis for matching estimators," Economics Letters, Elsevier, vol. 185(C).
    • Handle: RePEc:eee:ecolet:v:185:y:2019:i:c:s0165176519303763
    DOI: 10.1016/j.econlet.2019.108749
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    1. Joshua D. Angrist & Jörn-Steffen Pischke, 2010. "The Credibility Revolution in Empirical Economics: How Better Research Design Is Taking the Con out of Econometrics," Journal of Economic Perspectives, American Economic Association, vol. 24(2), pages 3-30, Spring.
    2. Tommaso Nannicini, 2007. "Simulation-based sensitivity analysis for matching estimators," Stata Journal, StataCorp LP, vol. 7(3), pages 334-350, September.
    3. Joshua D. Angrist & Jörn-Steffen Pischke, 2009. "Mostly Harmless Econometrics: An Empiricist's Companion," Economics Books, Princeton University Press, edition 1, number 8769.
    4. Giovanni Cerulli, 2022. "Econometric Evaluation of Socio-Economic Programs," Advanced Studies in Theoretical and Applied Econometrics, Springer, edition 2, number 978-3-662-65945-8, July-Dece.
    5. Imbens,Guido W. & Rubin,Donald B., 2015. "Causal Inference for Statistics, Social, and Biomedical Sciences," Cambridge Books, Cambridge University Press, number 9780521885881.
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    Cited by:

    1. Cortés, D & Robayo, M. A., 2023. "Efecto de las tutorías sobre el rendimiento académico: evidencia de estudiantes de economía," Documentos de Trabajo 20781, Universidad del Rosario.
    2. Cristian Mardones & Pablo Herreros, 2023. "Ex post evaluation of voluntary environmental policies on the energy intensity in Chilean firms," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(9), pages 9111-9136, September.
    3. Hynes, S. & Ankamah-Yeboah, I. & O’Neill, S. & Needham, K. & Bich Xuan, B. & Armstrong, C., 2020. "Entropy balancing for causal effects in discrete choice analysis: The Blue Planet II effect," Working Papers 309500, National University of Ireland, Galway, Socio-Economic Marine Research Unit.

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    More about this item

    Keywords

    Sensitivity analysis; Average treatment effects; Matching; Causal inference; Machine learning;
    All these keywords.

    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General

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