ECON 429 Study Guide - Final Guide: Area Studies, Natural Experiment, Demand Shock
Document Summary
Econ 429 fall 2015 final exam study guide. Exam structure 70 pts (each corresponds to 1 minute) For all the papers, make sure you know the key question and what the main conclusions are. For the papers with a *, we need to know the main empirical issues are. Below are readings and which areas are important: *card 1990 (all text and tables 1,2,5,7). Know the area studies, natural experiment, diff-in-diff method, identification assumptions, why they matter, and what happens if they fail. Why didn"t mariel boatflit decrease cuban wages in miami: *borjas 2003 (intro and conclusions. Know factors approach and how they address some actual and potential limitations of area studies. Explain identification intuitively, why it matters that characteristics of migrants be exogenous (and why they by and large are). How a marginal increase in the migrant labor supply in one specific education-by-age cell affects the entire labor force (through complementarity/substitution of productive factors).
