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Journal Articles
August 2002
Article
Alternative approaches to evaluation in empirical microeconomics
Type: Journal Articles
ISSN: 1617-9838
Volume, issue, pages: Vol. 1, No. 2, pp. 91-115
JEL classification: J21, J64, C33
Previous version: cemmap Working Papers [Details]

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Four alternative but related approaches to empirical evaluation of policy interventions are studied: social experiments, natural experiments, matching methods, and instrumental variables. In each case the necessary assumptions and the data requirements are considered for estimation of a number of key parameters of interest. These key parameters include the average treatment effect, the treatment on the treated and the local average treatment effect. Some issues of implementation and interpretation are discussed drawing on the labour market programme evaluation literature.

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