On event studies and distributed-lags in two-way fixed effects models: identification, equivalence, and generalization


Schmidheiny, Kurt ; Siegloch, Sebastian


[img]
Preview
PDF
dp20017.pdf - Published

Download (643kB)

URL: https://madoc.bib.uni-mannheim.de/55440
URN: urn:nbn:de:bsz:180-madoc-554404
Document Type: Working paper
Year of publication: 2020
The title of a journal, publication series: ZEW Discussion Papers
Volume: 20-017
Place of publication: Mannheim
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
School of Law and Economics > VWL, Soziale Sicherung (Siegloch 2018-)
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: C23 , C51 , H00 , J08,
Keywords (English): Event study , distributed-lag , applied microeconomics , credibility revolution
Abstract: We discuss important properties and pitfalls of panel-data event study designs. We derive three main results. First, binning of effect window endpoints is a practical necessity and key for identification of dynamic treatment effects. Second, event study designs with binned endpoints and distributed-lag models are numerically identical leading to the same parameter estimates after correct reparametrization. Third, classic dummy variable event study designs can be 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. We show the practical relevance of our methodological points in a replication study.

Dieser Eintrag ist Teil der Universitätsbibliographie.

Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




+ Citation Example and Export

Schmidheiny, Kurt ; Siegloch, Sebastian (2020) On event studies and distributed-lags in two-way fixed effects models: identification, equivalence, and generalization. Open Access ZEW Discussion Papers Mannheim 20-017 [Working paper]
[img]
Preview


+ Search Authors in

+ Download Statistics

Downloads per month over past year

View more statistics



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


Actions (login required)

Show item Show item