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Radius matching on the propensity score with bias adjustment: finite sample behaviour, tuning parameters and software implementation

  • Huber, Martin

    ()

  • Lechner, Michael

    ()

  • Steinmayr, Andreas

    ()

Using a simulation design that is based on empirical data, a recent study by Huber, Lechner and Wunsch (2012) finds that distance-weighted radius matching with bias adjustment as proposed in Lechner, Miquel and Wunsch (2011) is competitive among a broad range of propensity score-based estimators used to correct for mean differences due to observable covariates. In this paper, we further investigate the finite sample behaviour of radius matching with respect to various tuning parameters. The results are intended to help the practitioner to choose suitable values of these parameters when using this method, which has been implemented as "radiusmatch" command in the software packages GAUSS, STATA and the R package "radiusmatching".

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File URL: http://www1.vwa.unisg.ch/RePEc/usg/econwp/EWP-1226.pdf
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Paper provided by University of St. Gallen, School of Economics and Political Science in its series Economics Working Paper Series with number 1226.

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Length: 40 pages
Date of creation: Dec 2012
Date of revision:
Handle: RePEc:usg:econwp:2012:26
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  1. Markus Froelich, 2002. "Nonparametric IV estimation of local average treatment effects with covariates," University of St. Gallen Department of Economics working paper series 2002 2002-19, Department of Economics, University of St. Gallen.
  2. Lechner, Michael & Miquel, Ruth & Wunsch, Conny, 2005. "Long-run effects of public sector sponsored training in West Germany," IAB Discussion Paper 200503, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
  3. Busso, Matias & DiNardo, John & McCrary, Justin, 2009. "New Evidence on the Finite Sample Properties of Propensity Score Matching and Reweighting Estimators," IZA Discussion Papers 3998, Institute for the Study of Labor (IZA).
  4. Behncke, Stefanie & Frölich, Markus & Lechner, Michael, 2008. "A Caseworker Like Me - Does the Similarity between unemployed and Caseworker Increase Job Placements?," CEPR Discussion Papers 6784, C.E.P.R. Discussion Papers.
  5. James Heckman & Hidehiko Ichimura & Jeffrey Smith & Petra Todd, 1998. "Characterizing Selection Bias Using Experimental Data," NBER Working Papers 6699, National Bureau of Economic Research, Inc.
  6. Keisuke Hirano & Guido W. Imbens & Geert Ridder, 2000. "Efficient Estimation of Average Treatment Effects Using the Estimated Propensity Score," NBER Technical Working Papers 0251, National Bureau of Economic Research, Inc.
  7. Rajeev H. Dehejia & Sadek Wahba, 1998. "Propensity Score Matching Methods for Non-experimental Causal Studies," NBER Working Papers 6829, National Bureau of Economic Research, Inc.
  8. Guido Imbens & Jeffrey Wooldridge, 2008. "Recent developments in the econometrics of program evaluation," CeMMAP working papers CWP24/08, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
  9. James G. MacKinnon, 2006. "Bootstrap Methods in Econometrics," Working Papers 1028, Queen's University, Department of Economics.
  10. Huber, Martin & Lechner, Michael & Wunsch, Conny, 2009. "Does Leaving Welfare Improve Health? Evidence for Germany," CEPR Discussion Papers 7421, C.E.P.R. Discussion Papers.
  11. Behncke, Stefanie & Frölich, Markus & Lechner, Michael, 2007. "Unemployed and Their Caseworkers: Should They Be Friends or Foes?," IZA Discussion Papers 3149, Institute for the Study of Labor (IZA).
  12. Michael Lechner & Conny Wunsch, 2006. "Are Training Programs More Effective When Unemployment Is High?," University of St. Gallen Department of Economics working paper series 2006 2006-23, Department of Economics, University of St. Gallen.
  13. Heckman, James J & Ichimura, Hidehiko & Todd, Petra, 1998. "Matching as an Econometric Evaluation Estimator," Review of Economic Studies, Wiley Blackwell, vol. 65(2), pages 261-94, April.
  14. Hotz, V. Joseph & Crump, Richard K. & Mitnik, Oscar A. & Imbens, Guido, 2009. "Dealing with Limited Overlap in Estimation of Average Treatment Effects," Scholarly Articles 3007645, Harvard University Department of Economics.
  15. Guido W. Imbens, 2004. "Nonparametric Estimation of Average Treatment Effects Under Exogeneity: A Review," The Review of Economics and Statistics, MIT Press, vol. 86(1), pages 4-29, February.
  16. Wunsch, Conny & Lechner, Michael, 2007. "What Did All the Money Do? On the General Ineffectiveness of Recent West German Labour Market Programmes," IZA Discussion Papers 2800, Institute for the Study of Labor (IZA).
  17. Bryan S. Graham & Cristine Campos De Xavier Pinto & Daniel Egel, 2012. "Inverse Probability Tilting for Moment Condition Models with Missing Data," Review of Economic Studies, Oxford University Press, vol. 79(3), pages 1053-1079.
  18. Michael Lechner & Conny Wunsch, 2009. "Active labour market policy in East Germany," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 17(4), pages 661-702, October.
  19. Joffe, Marshall M. & Ten Have, Thomas R. & Feldman, Harold I. & Kimmel, Stephen E., 2004. "Model Selection, Confounder Control, and Marginal Structural Models: Review and New Applications," The American Statistician, American Statistical Association, vol. 58, pages 272-279, November.
  20. Lechner, Michael, 2009. "Long-run labour market and health effects of individual sports activities," Journal of Health Economics, Elsevier, vol. 28(4), pages 839-854, July.
  21. Huber, Martin & Lechner, Michael & Wunsch, Conny, 2013. "The performance of estimators based on the propensity score," Journal of Econometrics, Elsevier, vol. 175(1), pages 1-21.
  22. Markus Frölich, 2004. "Finite-Sample Properties of Propensity-Score Matching and Weighting Estimators," The Review of Economics and Statistics, MIT Press, vol. 86(1), pages 77-90, February.
  23. Martin Huber, 2010. "Identification of average treatment effects in social experiments under different forms of attrition," University of St. Gallen Department of Economics working paper series 2010 2010-22, Department of Economics, University of St. Gallen.
  24. Ahmed Khwaja & Gabriel Picone & Martin Salm & Justin G. Trogdon, 2011. "A comparison of treatment effects estimators using a structural model of AMI treatment choices and severity of illness information from hospital charts," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 26(5), pages 825-853, 08.
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