Principles for Combining Descriptive and Model-Based Analysis in Applied Microeconomics Research
Journal of Economic Perspectives
vol. 36,
no. 3, Summer 2022
(pp. 211-22)
(Complimentary)
Abstract
In this article, I offer guidance on how to combine descriptive and model-based empirical analysis within a paper. Drawing on examples from three recently published applied microeconomics papers, I argue that it is important to create a tight link between the descriptive analysis and the bottom-line deliverable of the model-based analysis, and I try to distill some lessons or principles for doing so. I also offer some thoughts on when a paper should start with descriptive analysis and then proceed to model-based analysis and when alternative structures may be desirable.Citation
Mahoney, Neale. 2022. "Principles for Combining Descriptive and Model-Based Analysis in Applied Microeconomics Research." Journal of Economic Perspectives, 36 (3): 211-22. DOI: 10.1257/jep.36.3.211Additional Materials
JEL Classification
- C10 Econometric and Statistical Methods and Methodology: General
- G21 Banks; Depository Institutions; Micro Finance Institutions; Mortgages
- G51 Household Finance: Household Saving, Borrowing, Debt, and Wealth
- H75 State and Local Government: Health; Education; Welfare; Public Pensions
- I13 Health Insurance, Public and Private
- I21 Analysis of Education
- J14 Economics of the Elderly; Economics of the Handicapped; Non-labor Market Discrimination
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