Working papers

This paper proposes an asymptotically valid permutation test for a testable implication of the identification assumption in the regression discontinuity design (RDD).

This paper studies inference of preference parameters in semiparametric discrete choice models when these parameters are not point-identified and the identified set is characterized by a class of conditional moment inequalities.

This paper considers a classical linear simultaneous equations model with random coefficients on the endogenous variables.

This paper introduces econometric methods to perform estimation and inference on the permanent and transitory components of the stochastic discount factor (SDF) in dynamic Markov environments.

The authors use primary data collected in both rural and urban contexts in two states of India to understand determinants of toilet ownership and acquisition and subsequently to analyse the acquisition of toilets in the context of an intervention that alleviated one of the major constraints to acquisition - financial resources.

The authors study a generalization of the treatment effect model in which an observed discrete classifier indicates in which one of a set of counterfactual processes a decision maker is observed. The other observed outcomes are delivered by the particular counterfactual process in which the decision maker is found.

Random utility models are widely used to study consumer choice. The vast majority of applications make strong assumptions about the marginal utility of income, which restricts income effects, demand curvature and pass-through. The authors show that flexibly modeling income effects can be important, particularly if one is interested in the distributional effects of a policy change, even in a market in which, a priori, the expectation is that income effects will play a limited role. The authors allow for much more flexible forms of income effects than is common and illustrate the implications by simulating the introduction of an excise tax.

The authors derive the expected value and distribution of taxable income conditional on a nonlinear budget set, allowing general heterogeneity and optimization error in taxable income.

The authors propose a method of inference about unknown parameters for incomplete economic models that is robust to heterogeneity and dependence of unknown form.

This paper studies the impact of permanent and transitory shocks to income on parental investments in children.

This paper investigates the impact of inheritances and gifts received on the distribution of wealth among older households in England, and the implications for inequality in lifetime incomes.

This paper estimates a structural model of private provision of public goods to provide some new empirical evidence on individuals' strategic contributing behaviors.

Fixed effects estimators of nonlinear panel data models can be severely biased because of the incidental parameter problem. In this paper, the authors develop analytical and jackknife bias corrections for nonlinear models with both individual and time effects.

The authors study identification and estimation in first-price auctions with risk-averse bidders and selective entry, building on a flexible entry and bidding framework they call the Affiliated Signal with Risk Aversion (AS- RA) model.

In this paper the authors use a randomised experiment to analyse the impact of a school grants program in Senegal, which decentralised a portion of the country's education budget.

The authors develop an equilibrium lifecycle model of education, marriage and labor supply and consumption in a transferable utility context. The model is estimated using the British HPS.

The authors propose several multivariate ratio statistics.

The authors develop a systematic approach for incorporating taste variation into a revealed preference framework for heterogeneous consumers.

The authors document and explore significantly steeper declines in nondurable expenditures in the UK compared to the US, in spite of income paths being similar.

The authors consider the life-cycle problem of a household that in each period decides how much to consume and how to allocate spouses’ time to work, leisure, and childcare.