Professor Antonio Galvao- Colloquium Speaker

Professor, Department of Economics at the University of Iowa
Date: 
Thursday, October 10, 2013 - 3:30pm to 4:30pm
Colloquium Title: 
Uniformly Semiparametric Efficient Estimation of Treatment Effects with a Continuous Treatment
Location: 
Reception at 3 p.m. in 241 B Schaeffer Hall / Talk at 3:30 p.m. in 61 Schaeffer Hall

Abstract: This paper studies identification, estimation and inference of general unconditional treatment effects models with continuous treatment under the ignorability assumption. We show identification of the parameters of interest, the dose-response functions, under the assumption that selection to treatment is based on observables. We propose a semiparametric two-step estimator, and consider estimation of the dose-response functions through moment restriction models with generalized residual functions which are possibly non-smooth. This general formulation includes average and quantile treatment effects as special cases. The asymptotic properties of the estimator are derived, namely, uniform consistency, weak convergence, and semiparametric efficiency.  We also develop statistical inference procedures and show the validity of the bootstrap approach to implement these methods in practice.  Monte Carlo simulations show that the proposed methods have good finite sample properties. Finally, we apply the proposed methods to estimate the unconditional average and quantile effects of mothers' weight gain and age on birthweight.