an article by Ruben L. Bach (University of Mannheim, Germany) and Stephanie Eckman (RTI International,Washington DC, USA) Journal of Royal Statistical Society Series A (Statistics in Society) Volume 182 Issue 1 (January 2019)
Summary
Panel survey participation can bring about unintended changes in respondents’ behaviour and/or their reporting of behaviour.
Using administrative data linked to a large panel survey, we analyse whether the survey brings about changes in respondents’ labour market behaviour. We estimate the causal effect of panel participation on the take‐up of federal labour market programmes by using instrumental variables.
Results show that panel survey participation leads to an increase in respondents’ take‐up of these measures. These results suggest that panel survey participation not only affects the reporting of behaviour, as previous studies have demonstrated, but can also alter respondents’ actual behaviour.
Full text (PDF 19pp)
Showing posts with label instrumental_variables. Show all posts
Showing posts with label instrumental_variables. Show all posts
Monday, 28 January 2019
Tuesday, 10 January 2017
Adult financial literacy and households’ financial assets: the role of bank information policies
an article by Margherita Fort, Francesco Manaresi and Serena Trucchi (University of Bologna, CESifo and IZA; Banca d’Italia; and University College London, University of Bologna and CeRP-Collegio Carlo Alberto)
published in Economic Policy
Volume 31 Issue 88 (October 2016)
Abstract
We investigate the role of bank information policies in fostering the accumulation of financial knowledge.
Exploiting the exogenous variability induced by the presence of a consortium of banks in Italy (PattiChiari), we find that these policies are effective for a small subsample of the population (5–10%) and lead to an increase in financial literacy by about 10%, on average.
Compliance is highest among low-educated respondents older than 60 years.
We use these policies as an instrumental variable to estimate the effect of financial literacy on financial assets.
We find that one standard deviation increase in financial literacy determines an increase in household financial assets by 35% of a standard deviation (8,000 euros). Effects are heterogeneous in the population and highest among elderly low-educated households.
JEL classification: D14, G11
Abstract
We investigate the role of bank information policies in fostering the accumulation of financial knowledge.
Exploiting the exogenous variability induced by the presence of a consortium of banks in Italy (PattiChiari), we find that these policies are effective for a small subsample of the population (5–10%) and lead to an increase in financial literacy by about 10%, on average.
Compliance is highest among low-educated respondents older than 60 years.
We use these policies as an instrumental variable to estimate the effect of financial literacy on financial assets.
We find that one standard deviation increase in financial literacy determines an increase in household financial assets by 35% of a standard deviation (8,000 euros). Effects are heterogeneous in the population and highest among elderly low-educated households.
JEL classification: D14, G11
Thursday, 16 May 2013
Does job insecurity deteriorate health? A causal approach for Europe.
a working paper (number 2013-01) by Eve Caroli (University Paris-Dauphine, LEDa-LEGOS, Paris School of Economics and IZA) and Mathilde Godard (CREST and University Paris-Dauphine, LEDa-LEGOS) published by the Paris School of Economics (February 2013)
Abstract
This paper estimates the causal effect of job insecurity on health in a sample of 22 European countries.
We rely on an original instrumental variable approach based on evidence that workers feel more insecure with respect to their job if employed in sectors with a high natural rate of layoff, but relatively less so if they live in a country where employment is strongly protected by the law. Using cross-country data from the 2010 European Working Conditions Survey, we show that when the potential endogeneity of job insecurity is not accounted for, the latter appears to deteriorate almost all health outcomes.
When tackling the endogeneity issue, the health-damaging effect of job insecurity is confirmed for a subgroup of health outcomes, namely self-rated health, being sick in the past 12 month, suffering from headaches or eyestrain and depression or anxiety.
As for other health variables, the impact of job insecurity appears to be insignicant at conventional levels.
JEL classification: I19, J28, J63
Full text (PDF 30pp)
Abstract
This paper estimates the causal effect of job insecurity on health in a sample of 22 European countries.
We rely on an original instrumental variable approach based on evidence that workers feel more insecure with respect to their job if employed in sectors with a high natural rate of layoff, but relatively less so if they live in a country where employment is strongly protected by the law. Using cross-country data from the 2010 European Working Conditions Survey, we show that when the potential endogeneity of job insecurity is not accounted for, the latter appears to deteriorate almost all health outcomes.
When tackling the endogeneity issue, the health-damaging effect of job insecurity is confirmed for a subgroup of health outcomes, namely self-rated health, being sick in the past 12 month, suffering from headaches or eyestrain and depression or anxiety.
As for other health variables, the impact of job insecurity appears to be insignicant at conventional levels.
JEL classification: I19, J28, J63
Full text (PDF 30pp)
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