Arbeitspapier
Randomization and social policy evaluation revisited
This paper examines the case for randomized controlled trials in economics. I revisit my previous paper "Randomization and Social Policy Evaluation" and update its message. I present a brief summary of the history of randomization in economics. I identify two waves of enthusiasm for the method as "Two Awakenings" because of the near-religious zeal associated with each wave. The First Wave substantially contributed to the development of microeconometrics because of the flawed nature of the experimental evidence. The Second Wave has improved experimental designs to avoid some of the technical statistical issues identified by econometricians in the wake of the First Wave. However, the deep conceptual issues about parameters estimated, and the economic interpretation and the policy relevance of the experimental results have not been addressed in the Second Wave.
- Language
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Englisch
- Bibliographic citation
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Series: cemmap working paper ; No. CWP7/20
- Classification
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Wirtschaft
Field Experiments
- Subject
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Field Experiments
Randomized Control Trials
- Event
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Geistige Schöpfung
- (who)
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Heckman, James J.
- Event
-
Veröffentlichung
- (who)
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Centre for Microdata Methods and Practice (cemmap)
- (where)
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London
- (when)
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2020
- DOI
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doi:10.1920/wp.cem.2020.720
- Handle
- Last update
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01.03.1970, 12:00 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Heckman, James J.
- Centre for Microdata Methods and Practice (cemmap)
Time of origin
- 2020
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