The causal interpretation of instrumental variables estimands of nonlinear, multivariate structural models with respect to rich forms of model misspecification, from Isaiah Andrews, @NanoBarahona, Matthew Gentzkow, @asheshrambachan, and Jesse M. Shapiro https://t.co/6zxsilqzUA
REStat will sponsor 5 early-career researchers from under-represented groups in the U.S. to attend the applied microeconomics meetings at the 2023 NBER Summer Inst (July 24-28)
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#econtwitter@RFisman
@JoeVavra@p_ganong@jtkolstad@R_Thaler In practice I don’t think that firms are benefiting systematically from the dominated plans but, when employees find out they get pissed, for obvious reasons. Almost always, dominated plans exist due to HR rules of thumb about premium adjustments and subsidy adjustments.
@JoeVavra@p_ganong@jtkolstad@R_Thaler @JustinSydnor research documenting the widespread existence of dominated plans across firms, with some underlying discussion of weird reasons why, is really cool / stellar work.
@JoeVavra@p_ganong@jtkolstad@R_Thaler That said, Chicago example is weird because when someone prominent like @R_Thaler or @nealemahoney notices in the firm, typically excuses are made but the plans change. In this case, it seems like it just keeps going on and on!!!