Evaluating Marginal Policy Changes and the Average Effect of Treatment for Individuals at the Margin

descriptionPublicationkeyboard_double_arrow_right Article , Report , Other literature type , Research , Preprint 01 Jan 2009 English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

Copyright policy )Publicly fundedFunded by:NSF | Dummy Endogenous Variable..., NIH | CHILDREN AND FAMILIES: A..., NIH | Synthesizing and Interpre...

Authors: Pedro Carneiro; James Heckman; Edward Vytlacil;

doi: 10.2139/ssrn.1442619 , 10.3386/w15211 , 10.3982/ecta7089 , 10.1920/wp.cem.2009.2109

pmid: 20209119

pmc: PMC2830665

handle: 10419/36068 , 10419/64748

Evaluating Marginal Policy Changes and the Average Effect of Treatment for Individuals at the Margin

- Summary
- Subjects
- Metrics

Abstract

This paper develops methods for evaluating marginal policy changes. We characterize how the effects of marginal policy changes depend on the direction of the policy change, and show that marginal policy effects are fundamentally easier to identify and to estimate than conventional treatment parameters. We develop the connection between marginal policy effects and the average effect of treatment for persons on the margin of indifference between participation in treatment and nonparticipation, and use this connection to analyze both parameters. We apply our analysis to estimate the effect of marginal changes in tuition on the return to going to college.

Related Organizations

Yale University
United States
University of Chicago
United States
University of Chicago
University of Chicago
National Bureau of Economic Research
United States

View all View all

Keywords

Marginal Treatment Effect, ddc:330, Bildungsverhalten, average marginal treatment effect, Marginal Policy Relevant Treatment Effect, Wirkungsanalyse, Effects of Marginal Policy Changes, Average Marginal Treatment Effect, Politische Reform, Verhaltensökonomik, ddc:370, marginal treatment effect, effects of marginal policy changes, marginal policy relevant treatment effect, average marginal treatment effect, C14, Marginal treatment effect, effects of marginal policy changes, Theorie, marginal policy relevant treatment effect, jel: jel:C14

Impact byBIP!

	selected citations These citations are derived from selected sources. This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	72
	popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.	Top 10%
	influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	Top 10%
	impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.	Top 10%