The Cure Can Be Worse than the Disease: A Cautionary Tale Regarding Instrumental Variables
| Autor: | John Bound, David A. Jaeger, Regina Baker |
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| Rok vydání: | 1993 |
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| Popis: | In this paper we draw attention to two problems associated with the use of instrumental variables (IV) whose importance for empirical work has not been fully appreciated. First, using potential instruments that explain little of the variation in the: endogenous explanatory variables can lead to large inconsistencies of the IV estimates even If only a weal |
| Databáze: | OpenAIRE |
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