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Joshua Angrist on Econometrics and Causation

EconTalk

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The Importance of Thoroughness in the Study of Capital Punishment

Ehrlich's work was based on small samples and predates most of the methods, except for basic regression methods that are highlighted in the book. At a minimum, we'd like to study capital punishment. We would use a state panel, for example. And we'd take out state effects. That is, we would use the differences and differences method. But I don't think any social scientist of my generation would look at Ehrlich's regressions and say they're worth reacting to.

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