Efficient Estimation with Non-Random Exposure to Exogenous Shocks
We characterize the instruments which optimally combine a set of exogenous shocks with some non-random measures of shock exposure, building on the framework of Borusyak and Hull (2023). Our characterization has implications for treatments capturing spillovers in social and transportation networks, simulated instruments for policy eligibility, and shift-share instruments. We show how significantly more precise estimates of Medicaid take-up and crowd-out effects can be obtained by combining policy expansion shocks with non-random variation in Medicaid eligibility.
Date: 31 May 2024, 14:15 (Friday, 6th week, Trinity 2024)
Venue: Manor Road Building, Manor Road OX1 3UQ
Venue Details: Streaming online in Seminar Room C: https://zoom.us/j/93054414699?pwd=YnpYaDhncCtWdGN0MUdJQ1NmRTlGZz09
Speaker: Peter Hull (Brown University)
Organising department: Department of Economics
Part of: Nuffield Econometrics Seminar
Booking required?: Not required
Audience: Members of the University only
Editor: Edward Clark