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The Resource The limits of inference without theory, Kenneth I. Wolpin

The limits of inference without theory, Kenneth I. Wolpin

Label
The limits of inference without theory
Title
The limits of inference without theory
Statement of responsibility
Kenneth I. Wolpin
Creator
Subject
Language
eng
Summary
"In this rigorous and well-crafted work, Kenneth Wolpin examines the role of theory in inferential empirical work in economics and the social sciences in general -- that is, any research that uses raw data to go beyond the mere statement of fact or the tabulation of statistics. He considers in particular the limits that eschewing the use of theory places on inference. Wolpin finds that the absence of theory in inferential work that addresses microeconomic issues is pervasive. That theory is unnecessary for inference is exemplified by the expression let the data speak for themselves. This approach is often called reduced form. A more nuanced view is based on the use of experiments or quasi-experiments to draw inferences. Atheoretical approaches stand in contrast to what is known as the structuralist approach, which requires that a researcher specify an explicit model of economic behavior -- that is, a theory. Wolpin offers a rigorous examination of both structuralist and nonstructuralist approaches. He first considers ex ante policy evaluation, highlighting the role of theory in the implementation of parametric and nonparametric estimation strategies. He illustrates these strategies with two examples, a wage tax and a school attendance subsidy, and summarizes the results from applications. He then presents a number of examples that illustrate the limits of inference without theory: the effect of unemployment benefits on unemployment duration; the effect of public welfare on women's labor market and demographic outcomes; the effect of school attainment on earnings; and a famous field experiment in education dealing with class size. Placing each example within the context of the broader literature, he contrasts them to recent work that relies on theory for inference"--provided by publisher
Member of
Cataloging source
StDuBDS
http://library.link/vocab/creatorName
Wolpin, Kenneth I
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
bibliography
Series statement
Tjalling C. Koopmans memorial lectures
http://library.link/vocab/subjectName
  • Inference
  • Economics
Label
The limits of inference without theory, Kenneth I. Wolpin
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages [165]-175) and index
Carrier category
volume
Carrier MARC source
rdacarrier.
Content category
  • text
  • still image
Content type MARC source
  • rdacontent.
  • rdacontent.
Contents
Introduction. -- 'Ex ante' policy evaluation : the role of theory. -- The limits of inference without theory. -- A brief conclusion
Control code
FIEb17213757
Dimensions
24 cm.
Extent
x, 183 pages
Isbn
9780262019088
Media category
unmediated
Media MARC source
rdamedia.
Other physical details
illustrations
System control number
  • (Uk)016279946
  • (OCoLC)811426892
Label
The limits of inference without theory, Kenneth I. Wolpin
Publication
Bibliography note
Includes bibliographical references (pages [165]-175) and index
Carrier category
volume
Carrier MARC source
rdacarrier.
Content category
  • text
  • still image
Content type MARC source
  • rdacontent.
  • rdacontent.
Contents
Introduction. -- 'Ex ante' policy evaluation : the role of theory. -- The limits of inference without theory. -- A brief conclusion
Control code
FIEb17213757
Dimensions
24 cm.
Extent
x, 183 pages
Isbn
9780262019088
Media category
unmediated
Media MARC source
rdamedia.
Other physical details
illustrations
System control number
  • (Uk)016279946
  • (OCoLC)811426892

Library Locations

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