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2025-05-28 10:13:14

This https://arxiv.org/abs/2406.00827 has been replaced.
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Comparing Experimental and Nonexperimental Methods: What Lessons Have We Learned Four Decades After LaLonde (1986)?
In 1986, Robert LaLonde published an article comparing nonexperimental estimates to experimental benchmarks (LaLonde 1986). He concluded that the nonexperimental methods at the time could not systematically replicate experimental benchmarks, casting doubt on their credibility. Following LaLonde's critical assessment, there have been significant methodological advances and practical changes, including (i) an emphasis on the unconfoundedness assumption separated from functional form consideration…