“经济学系列讲座”第36期：Instrumental Variables Models with Missing Outcomes and Treatments, with an Application to the Oregon Health Insurance Experiment

题目：Instrumental Variables Models with Missing Outcomes and Treatments, with an Application to the Oregon Health Insurance Experiment

主讲人：Shenshen Yang 美国德克萨斯大学奥斯汀分校经济系

时间：2021年3月25日10:00-11:00

线上：腾讯会议号 924791759

主持：张中祥 天津大学马寅初经济学院创院院长、卓越教授，国家能源、环境和产业经济研究院院长

报告简介

I examine the common problem of multiple missing variables, which we refer to as multiple missingness, with non-monotone missing pattern and is usually caused by sub-sampling and a combination of different data sets. One example of this is missingness in both the endogenous treatment and outcome when two variables are collected via different stages of follow-up surveys. Two types of dependence assumptions for multiple missingness are proposed to identify the missing mechanism. The identified missing mechanisms are used later in an Augmented Inverse Propensity Weighted moment function, based on which a two-step semiparametric GMM estimator of the coefficients in the primary model is proposed. This estimator is consistent and more efficient than the previously used estimation methods because it includes incomplete observations. We demonstrate that robustness and asymptotic variances differ under two sets of identification assumptions, and we determine sufficient conditions when the proposed estimator can achieve the semiparametric efficiency bound. This method is applied to the Oregon Health Insurance Experiment and shows the significant effects of enrolling in the Oregon Health Plan on improving health-related outcomes and reducing out-of-pocket costs for medical care. The method proposed in this paper provides unbiased and more efficient estimates. There is evidence that simply dropping the incomplete data creates downward biases for some of the chosen outcome variables. Moreover, the estimator proposed in this paper reduced standard errors by 6-24% of the estimated effects of the Oregon Health Plan.

报告人简介

Shenshen Yang is a Ph.D. candidate in economics from the University of Texas at Austin. Her research focuses on econometrics, health Economics, public economics, and labor economics.