Chapter

Evaluation of Policy Measures

Stephen Bazen

in Econometric Methods for Labour Economics

Published in print September 2011 | ISBN: 9780199576791
Published online January 2012 | e-ISBN: 9780191731136 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199576791.003.0007

Series: Practical Econometrics

Evaluation of Policy Measures

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A large part of empirical analysis in labour economics continues to be based on non-experimental (that is, survey) data including studies seeking to estimate the impact of a programme or policy measure. Applying an experimental approach to estimating this impact will generally be made difficult on the one hand by self-selection mechanisms and on the other by the absence of a well-defined control group. This chapter presents different methods of undertaking policy evaluation using these kinds of situations. It first sets out the basic framework for analysing pure experimental data, since this provides the key to the popularity of such an approach. It shows how the experimental estimates obtained can be viewed as regression estimates, that is, comparing the mean outcomes for the treated group and the control group. This provides a link with material presented in earlier chapters as well as a means of adapting econometric tools in order undertake policy evaluation.

Keywords: empirical analysis; labour economics; experimental approach; policy evaluation

Chapter.  7615 words.  Illustrated.

Subjects: Econometrics and Mathematical Economics

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