Joshua Angrist on Econometrics and Causation
EconTalk
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The Importance of Econometric Artillery
The effect of the minimum wage on employment, the effect of class size on educational attainment are three incredibly contentious policy issues in microeconomics. At the macro level, at the macrolevel, I'll pick the stimulus package of 2009. So here are four issues that we as economists are expected to talk about. And so we roll out tremendous econometric artillery along the lines that you've mentioned. But they take a lot of time and effort to do correctly with the data.
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