When studying an outcome Y that is weakly positive but can equal zero (eg, earnings),
researchers frequently estimate an average treatment effect (ATE) for a “log-like” …

Various non-pharmaceutical interventions were adopted by countries worldwide in the fight
against the COVID-19 pandemic with adverse socioeconomic side effects, which raises the …

Applied econometricians frequently apply the inverse hyperbolic sine (or arcsinh)
transformation to a variable because it approximates the natural logarithm of that variable …

We use a randomized controlled trial to study the response of poor households in rural
Kenya to unconditional cash transfers from the NGO GiveDirectly. The transfers differ from …

We show that foreign capital liberalization reduces capital misallocation and increases
aggregate productivity for affected industries in India. The staggered liberalization of access …

Studies have reached conflicting conclusions regarding the labor market effects of
exogenous refugee waves such as the Mariel Boatlift in Miami. The authors show that …

Transformations that could be used to reduce the influence of extreme observations of
dependent variables, which can assume either sign, on regression coefficient estimates are …

Agency theory suggests that managerial mischief may occur when the interests of owners
and managers diverge and that a solution to this agency problem is alignment of owner and …

This paper studies the response of poor rural households in rural Kenya to large temporary
income changes. Using a randomized controlled trial, households were randomly assigned …

The diffusion of tacit knowledge involves direct human interactions. This implies that the
international diffusion of knowledge should follow the pattern of international migration. We …