Microeconometrics

Lecture:	PD Dr. Alexander Spermann Randstad Deutschland Email: alexander.spermann@de.randstad.com Time: Fridays 17 - 20 (see dates below) Room: HS 1108 KG I
Tutorial:	Katrin Sommerfeld, M.Sc. Email: Time: Tuesdays 8:15 - 10:45 (see dates below) Room: PC-Pool HS -1001B KG II
Language:	English
Credits:	Lecture (2 SWS) plus PC tutorial (1 SWS) gives 4 credits

Topics and Dates

Downloads

• Case Study Minimum Wage
  
• Problem Set 6
• Solution to Problem Set 6 (TSP Code)
• Card, Krueger (1993) Minimum Wages and Employment: A Case Study of the Fast-Food Industry in New Jersey and Pennsylvania. NBER Working Paper No. 4509. Published in: American Economic Review, 1994, Vol. 84 (4).
  

• Slides Matching
  
• Slides Job Placement Voucher
• Problem Set 5
• Solution to Problem Set 5 (TSP Code)
• Fitzenberger, Orlyanskaya, Osikominu, Waller (2008): Déjà Vu? Short–Term Training in Germany 1980–1992 and 2000–2003.
  
• Caliendo, Hujer (2005) The Microeconometric Estimation of Treatment Effects - An Overview. IZA Discussion Paper No. 1653
• Heckman, Lalonde, Smith (1999) The Economics and Econometrics of Active Labor Market Programs. Handbook of Labor Economics Vol. 3, Chapter 31, pp. 1865-1898. (in Semesterapparat)
• Athey, Imbens (2005) Identification and Inference in Nonlinear Difference-In-Differences Models. Working Paper here. Published in: Econometrica, March 2006, Vol. 74 (2), pp. 431-497.
• Altonji/Elder/Taber (2008): Using Selection on Observed Variables to Assess Bias from Unobservables when Evaluating Swan-Ganz Catheterization (in Semesterapparat)
  

• Social Experiment
• Quasi Experiment
• Example: Long-Term Care
• Difference in Differences
• Article from The Economist: Randomised Experiments
  
• Problem Set 4
• Solution to Problem Set 4 (TSP code)
  
• Additional literature: Hagen, Fitzenberger (2004): Mikroökonometrische Methoden zur Ex-post Evaluation. In: Hagen, Spermann (Hrsg.) Hartz-Gesetze - Methodische Ansätze zu einer Evaluierung. ZEW Wirtschaftsanalysen 74.
  

• Multinomial Logit
• Drawbacks of Microsimulation Studies
  
• Additional Material: Chapter 15 on Multinomial Models in Cameron/ Trivedi (2005)
  
• Problem Set 3
• Solution to Problem Set 3 (TSP code)
  

Maximum Likelihood: Probit and Tobit (9.5. and 27.5.)

• Probit
• Tobit
• Problem Set 2
• Solution to Problem Set 2 (TSP code)
  
• Scheme for marginal effects in probit model
• Scheme for marginal effects in tobit model
  

Tutorial (29.4.) Introduction to Microeconometrics and Repetition OLS

• Problem Set 1
• Solution to Problem Set 1 (TSP code)
  
• TSP User guide (to get started pp. 7-9 demonstrate a simple example)
• TSP Reference Manual
• The most important TSP commands (in German; for English see the above links)
  

• For the next class please read Verbeek (2004) chapter 5, and in particular section 5.2.3. This will be made available shortly in the Semesterapparat in the VWL-Seminar (economics library). There, you can also find the book under the following signatory: S10/1373.
  
• Paper: Börsch-Supan, Köke (2000). An Applied Econometricians' View of Empirical Corporate Governance Studies. ZEW Discussion Paper 00-17. Here.

• Slides: Introduction to Microeconometrics (now in Windows 1997-2003 format)
  

Literature

• Verbeek, Marno (2004): A Guide to Modern Econometrics, 2nd ed., John Wiley, Chichester.

• Cameron, Adrian Colin and Pravin K. Trivedi (2005): Microeconometrics. Methods and Applications. Cambridge University Press.
  
• Dougherty, Christopher (2006): Introduction to Econometrics, 3rd ed., Oxford University Press.

• Gujarati, Damodar (2002): Basic Econometrics, 4th ed., McGraw-Hill.

• Chiang, Alpha C., and Kevin Wainwright (2005): Fundamental Methods of Mathematical Economics, 4th ed., McGraw-Hill.

• Hoy, Michael et al. (2001): Mathematics for Economics, MIT Press.

• Dowling, Edward T. (1980): Introduction to Mathematical Economics, 2nd ed., Schaum’s Outline Series.

• Wisniewski, Mik (1996): Introductory Mathematical Methods in Economics, 2^nd ed., Mc Graw Hill.