Mostly Harmless Econometrics: An Empiricist's Companion

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The core methods in today's econometric toolkit are linear regression for statistical control instrumental variables methods for the analysis of natural experiments & differences-in-differences methods that exploit policy changes In the modern experimentalist paradigm these techniques address clear causal questions such as Do smaller classes increase learning? Should wife batterers be arrested? How much does education raise wages? Mostly Harmless Econometrics shows how the basic tools of applied econometrics allow the data to speak In addition to econometric essentials Mostly Harmless Econometrics covers important new extensions--regression-discontinuity designs & quantile regression--as well as how to get standard errors right Joshua Angrist & Jorn-Steffen Pischke explain why fancier econometric techniques are typically unnecessary & even dangerous The applied econometric methods emphasized in this book are easy to use & relevant for many areas of contemporary social science An irreverent review of econometric essentials A focus on tools that applied researchers use most Chapters on regression-discontinuity designs quantile regression & standard errors Many empirical examples A clear & concise resource with wide applications