ERIC Number: EJ1029619
Record Type: Journal
Publication Date: 2014
Abstractor: As Provided
Reference Count: 27
Teaching about Heterogeneous Response Models
Murray, Michael P.
Journal of Economic Education, v45 n2 p110-120 2014
Individuals vary in their responses to incentives and opportunities. For example, additional education will affect one person differently than another. In recent years, econometricians have given increased attention to such heterogeneous responses and to the consequences of such responses for interpreting regression estimates, especially regression estimates based on instrumental variables. In this article, the author offers illustrative cases with which to introduce masters-level and advanced undergraduate students to the interpretive challenges posed by heterogeneous responses in econometric models.
Descriptors: Economics Education, Graduate Study, Undergraduate Study, Responses, Models, Regression (Statistics), Algebra, Computation, Class Size, Peer Influence, Least Squares Statistics
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education; Postsecondary Education
Authoring Institution: N/A