IDEAS home Printed from
   My bibliography  Save this article

Multiple event studies in public finance and labor economics: A simulation study with applications


  • Sandler, Danielle H.

    (Bureau of Economics, Federal Trade Commission, Washington, DC, USA)

  • Sandler, Ryan

    (Center for Economic Studies, United States Census Bureau, Suitland, MD, USA)


Event study is a powerful tool for analyzing the dynamic effects of policy and other shocks in microeconomics. However, there is little understanding of how to apply this method when individuals or locations experience multiple events in close succession. We explore methods of estimating a multiple event study with Monte Carlo simulations. Allowing multiple event-time dummies to be turned on at once generally produces unbiased estimates, while ignoring subsequent events or duplicating observations to have one observation per individual-event-time create trends in the outcome variable before and after an event that can be misleading to the researcher. We present empirical applications which show that the choice of method can make important differences in practice.

Suggested Citation

  • Sandler, Danielle H. & Sandler, Ryan, 2013. "Multiple event studies in public finance and labor economics: A simulation study with applications," Journal of Economic and Social Measurement, IOS Press, issue 1-2, pages 31-57.
  • Handle: RePEc:ris:iosjes:0006

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Other versions of this item:


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Nicolás Ajzenman & Tiago Cavalcanti & Daniel Da Mata, 2020. "More than Words: Leaders' Speech and Risky Behavior During a Pandemic," Department of Economics Working Papers wp_gob_2020_03, Universidad Torcuato Di Tella.
    2. Layna Mosley & Victoria Paniagua & Erik Wibbels, 2020. "Moving markets? Government bond investors and microeconomic policy changes," Economics and Politics, Wiley Blackwell, vol. 32(2), pages 197-249, July.
    3. Ajzenman, N. & Cavalcanti, T. & Da Mata, D., 2020. "More than Words: Leaders' Speech and Risky Behavior During a Pandemic," Cambridge Working Papers in Economics 2034, Faculty of Economics, University of Cambridge.
    4. Andrew E. Clark & Orla Doyle & Elena Stancanelli, 2017. "The Impact of Terrorism on Well-being: Evidence from the Boston Marathon Bombing," Working Papers 201717, School of Economics, University College Dublin.
    5. Clemens Fuest & Andreas Peichl & Sebastian Siegloch, 2018. "Do Higher Corporate Taxes Reduce Wages? Micro Evidence from Germany," American Economic Review, American Economic Association, vol. 108(2), pages 393-418, February.
    6. Iain McMenamin & Michael Breen & Juan Muñoz-Portillo, 2015. "Austerity and credibility in the Eurozone," European Union Politics, , vol. 16(1), pages 45-66, March.
    7. Marco Bee & Julien Hambuckers, 2020. "Modeling multivariate operational losses via copula-based distributions with g-and-h marginals," DEM Working Papers 2020/3, Department of Economics and Management.
    8. Fuest, Clemens & Peichl, Andreas & Siegloch, Sebastian, 2015. "Do Higher Corporate Taxes Reduce Wages?," IZA Discussion Papers 9606, Institute of Labor Economics (IZA).
    9. Gnocato, Nicolò & Modena, Francesca & Tomasi, Chiara, 2020. "Labor market reforms and allocative efficiency in Italy," Labour Economics, Elsevier, vol. 67(C).
    10. Barrows, Geoffrey & Garg, Teevrat & Jha, Akshaya, 2019. "The Health Costs of Coal-Fired Power Plants in India," IZA Discussion Papers 12838, Institute of Labor Economics (IZA).
    11. Aria Ardalan & Sebastian G. Kessing, 2017. "Tax Pass-through in the European Beer Market," MAGKS Papers on Economics 201747, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    12. Löffler, Max & Siegloch, Sebastian, 2015. "Property Taxation, Local Labor Markets and Rental Housing," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112967, Verein für Socialpolitik / German Economic Association.
    13. Koppensteiner, Martin Foureaux & Matheson, Jesse, 2019. "Secondary School Enrolment and Teenage Childbearing: Evidence from Brazilian Municipalities," IZA Discussion Papers 12504, Institute of Labor Economics (IZA).
    14. Todtenhaupt, Maximilian & Voget, Johannes, 2018. "International Taxation and Productivity Effects of M&As," VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy 181548, Verein für Socialpolitik / German Economic Association.
    15. Romeo, Charles & Sandler, Ryan, 2021. "The effect of debt collection laws on access to credit," Journal of Public Economics, Elsevier, vol. 195(C).
    16. Sandler, Danielle H., 2017. "Externalities of public housing: The effect of public housing demolitions on local crime," Regional Science and Urban Economics, Elsevier, vol. 62(C), pages 24-35.
    17. Eli Berman & Mitch Downey & Joseph Felter, 2016. "Expanding Governance as Development: Evidence on Child Nutrition in the Philippines," NBER Working Papers 21849, National Bureau of Economic Research, Inc.
    18. Mona Förtsch & Xenia Frei & Anna Kremer, 2021. "Deutscher Arbeitsmarkt ist lokal widerstandsfähig," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 28(02), pages 30-33, April.
    19. Aria Ardalan & Sebastian G. Kessing, 2021. "Tax pass-through in the European beer market," Empirical Economics, Springer, vol. 60(2), pages 919-940, February.
    20. Pattison, Nathaniel, 2020. "Consumption smoothing and debtor protections," Journal of Public Economics, Elsevier, vol. 192(C).
    21. Clark, Andrew & Stancanelli, Elena, 2017. "Americans’ Responses to Terrorism and Mass-Shooting: Evidence from the American Time Use Survey and Well-Being Module," GLO Discussion Paper Series 26, Global Labor Organization (GLO).
    22. Yun Shen, 2021. "CEO characteristics: a review of influential publications and a research agenda," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 61(1), pages 361-385, March.
    23. Martin Foureaux Koppensteiner & Jesse Matheson, 2016. "Access to education and teenage childbearing," Discussion Papers in Economics 16/15, Division of Economics, School of Business, University of Leicester.
    24. Martin Foureaux Koppensteiner & Jesse Matheson, 2016. "Access to Education and Teenage Pregnancy," CINCH Working Paper Series 1604, Universitaet Duisburg-Essen, Competent in Competition and Health, revised Aug 2016.
    25. Todtenhaupt, Maximilian & Voget, Johannes, 2017. "International taxation and productivity effects of M&As," ZEW Discussion Papers 17-014, ZEW - Leibniz Centre for European Economic Research.

    More about this item



    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:iosjes:0006. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Saskia van Wijngaarden (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.