Econometrics: Complication does not imply causation?
A mostly harmless introduction by Jorn-Steffen Pischke
We all know that Cambridge colleges with the highest wine consumption consistently lead the Tompkins table. Some of us know that the decline in total number of pirates has been accompanied by rising global temperature. Economists among us may even know that cumulative rainfall changes hand-in-hand with the price level... The above list is usually followed by the boring and overused "correlation does not imply causation". At CSEP we believe that the econometrician Jorn-Steffen Pischke can in fact say much more: can econometrics uncover causation at all?
Jorn-Steffen Pischke is Professor of Economics at the London School of Economics and Political Science (LSE), whose research covers topics in labour economics, economics of education and applied econometrics. He is also the author (together with Joshua Angrist) of "Mostly Harmless Econometrics: An Empiricist's Companion".
Jorn-Steffen Pischke is Professor of Economics at the London School of Economics and Political Science (LSE), whose research covers topics in labour economics, economics of education and applied econometrics. He is also the author (together with Joshua Angrist) of "Mostly Harmless Econometrics: An Empiricist's Companion".
