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SeaTE: Subjective ex ante Treatment Effect of Health on Retirement / Pamela Giustinelli, Matthew D. Shapiro.
- Format:
- Book
- Author/Creator:
- Giustinelli, Pamela.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w26087.
- NBER working paper series no. w26087
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- SeaTE
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2019.
- Summary:
- The Subjective ex ante Treatment Effect is the difference between the probabilities of an outcome conditional on a treatment. The SeaTE yields ex ante causal effects at the individual level. The paper gives an interpretation in two workhorse econometric frameworks: potential outcomes and dynamic programming. It finds large effect heterogeneity of health on work in two surveys of older workers, the VRI and the HRS. It shows how reduced-form estimates of health on work are biased when there is unobserved heterogeneity in taste for work. Using the VRI's panel structure, it validates the elicited conditional probabilities of work given health.
- Notes:
- Print version record
- July 2019.
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