ECON 151 Lecture Notes - Lecture 30: Standard Deviation, Treatment And Control Groups, Human Capital
22 Nov 2020
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0. 205 (0. 108) treatment group had slightly better grades than control group. Itt result are positive but not very significant, it is about 20% of a standard deviation, Every effect is usually expressed in standard deviation to allow comparability. 20% is considered moderate (in a developing country, large in a developed country). Low significance may be due to small sample. Other results also suggest that "winners" are less married, less at work, work less suggesting more investment in education. Late should be 50% larger than previous itt results. Increase your performance in school by 0. 2 b/c total points in column 2 of final outcome. Late = rf/fs = 0. 21/0. 67 = 31. 2sls = iv = late can see that the test score (total points) is 29% which is very close to the 31 we calculated. Rct can branch to 3 forms then apply iv. Effect are clear on grade completion: less grade repetition, longer education investment;
