Randall Lewis

Oct 26, 2024 | scholarsarchive.byu.edu | Randall Lewis |James McDonald |James Mcdonald |Brigham Young

Keywordscensored regression, flexible distributions, OLSCollegeFamily, Home, and Social SciencesAbstractIn the field of economics, the estimation of causal relationships is fundamental. The economist formulates a model or mechanism through which human behavior affects outcomes. Then, by using real-world data, economists can estimate these relationships. For example, one simple relationship that has been a subject of study is the causal effect of education on income.