The Resource The limits of inference without theory, Kenneth I. Wolpin
The limits of inference without theory, Kenneth I. Wolpin
Resource Information
The item The limits of inference without theory, Kenneth I. Wolpin represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in European University Institute.This item is available to borrow from 1 library branch.
Resource Information
The item The limits of inference without theory, Kenneth I. Wolpin represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in European University Institute.
This item is available to borrow from 1 library branch.
 Summary
 "In this rigorous and wellcrafted 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 quasiexperiments 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
 Language
 eng
 Extent
 x, 183 pages
 Contents

 Introduction.
 'Ex ante' policy evaluation : the role of theory.
 The limits of inference without theory.
 A brief conclusion
 Isbn
 9780262019088
 Label
 The limits of inference without theory
 Title
 The limits of inference without theory
 Statement of responsibility
 Kenneth I. Wolpin
 Language
 eng
 Summary
 "In this rigorous and wellcrafted 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 quasiexperiments 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
 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
 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
 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
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<div class="citation" vocab="http://schema.org/"><i class="fa faexternallinksquare fafw"></i> Data from <span resource="http://link.library.eui.eu/portal/ThelimitsofinferencewithouttheoryKenneth/1O8e6GrJLBs/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.eui.eu/portal/ThelimitsofinferencewithouttheoryKenneth/1O8e6GrJLBs/">The limits of inference without theory, Kenneth I. Wolpin</a></span>  <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.eui.eu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.eui.eu/">European University Institute</a></span></span></span></span></div>