On event study designs and distributed-lag models: Equivalence, generalization and practical implications

Schmidheiny, Kurt ; Siegloch, Sebastian

URL: https://www.iza.org/publications/dp/12079/on-event...
Additional URL: https://ssrn.com/abstract=3323194
Document Type: Working paper
Year of publication: 2019
The title of a journal, publication series: IZA Discussion Paper Series
Volume: 12079
Place of publication: Bonn
Publishing house: Forschungsinstitut zur Zukunft der Arbeit (IZA)
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
School of Law and Economics > Soziale Sicherung (Siegloch 2018-2022)
Subject: 330 Economics
Classification: JEL: C230 , C510 , H000 , J080,
Keywords (English): event study , distributed-lag , applied microeconomics , credibility revolution
Abstract: We discuss important features and pitfalls of panel-data event study designs. We derive the following main results: First, event study designs and distributed-lag models are numerically identical leading to the same parameter estimates after correct reparametrization. Second, binning of effect window endpoints allows identification of dynamic treatment effects even when no never-treated units are present. Third, classic dummy variable event study designs can be naturally generalized to models that account for multiple events of different sign and intensity of the treatment, which are particularly interesting for research in labor economics and public finance.

Dieser Eintrag ist Teil der Universitätsbibliographie.

Metadata export


+ Search Authors in

+ Page Views

Hits per month over past year

Detailed information

You have found an error? Please let us know about your desired correction here: E-Mail

Actions (login required)

Show item Show item