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Censored Quantile Regression with Many Controls

Seoyun Hong

arXiv 5 Mar 2023 · Econometrics · 1 citations (OpenAlex)

arXiv:2303.02784 · PDF · DOI · OpenAlex · Extracted main text

Abstract

This paper develops estimation and inference methods for censored quantile regression models with high-dimensional controls. The methods are based on the application of double/debiased machine learning (DML) framework to the censored quantile regression estimator of Buchinsky and Hahn (1998). I provide valid inference for low-dimensional parameters of interest in the presence of high-dimensional nuisance parameters when implementing machine learning estimators. The proposed estimator is shown to be consistent and asymptotically normal. The performance of the estimator with high-dimensional controls is illustrated with numerical simulation and an empirical application that examines the effect of 401(k) eligibility on savings.

Citation extraction

34
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70
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Most heavily cited references

The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.

ReferenceIntensityMentionsSectionsMain text
1Buchinsky, M. and J. Hahn (1998) An alternative estimator for the censored quantile regression model1.000156100%
2Belloni, A., V. Chernozhukov, I. Fernández-Val, and C. Hansen (2017) Program evaluation and causal inference with high-dimensional data1.00053100%
3Belloni, A., V. Chernozhukov, and K. Kato (2019) Valid post-selection inference in high-dimensional approximately sparse quantile regression models1.00053100%
4Chernozhukov, V., D. Chetverikov, M. Demirer, E. Duflo, C. Hansen, W… (2018) Double/debiased machine learning for treatment and structural parameters0.87452100%
5Belloni, A. and V. Chernozhukov (2011) l1-penalized quantile regression in high-dimensional sparse models0.73732100%
6Chernozhukov, V. and H. Hong (2002) Three-step censored quantile regression and extramarital affairs0.51121100%
7Chernozhukov, V. and C. Hansen (2004) The effects of 401 (k) participation on the wealth distribution: an instrumental quantile regression analysis0.51121100%
8Chernozhukov, V., D. Chetverikov, M. Demirer, E. Duflo, C. Hansen, a… (2017) a): Double/debiased/neyman machine learning of treatment effects0.51121100%
9Fei, Z., Q. Zheng, H. G. Hong, and Y. Li (2021) Inference for High-Dimensional Censored Quantile Regression0.51121100%
10Koenker, R (2008) Censored quantile regression redux0.51121100%

Showing the top 10 of 34 scored citations.