TY  - RPRT
        AU  - Imbens, Guido W.
        TI  - Instrumental Variables: An Econometrician's Perspective
        PY  - 2014/Mar/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 8048
        UR  - https://www.iza.org/publications/dp8048
        AB  - I review recent work in the statistics literature on instrumental variables methods from an econometrics perspective. I discuss some of the older, economic, applications including supply and demand models and relate them to the recent applications in settings of randomized experiments with noncompliance. I discuss the assumptions underlying instrumental variables methods and in what settings these may be plausible. By providing context to the current applications a better understanding of the applicability of these methods may arise.
        KW  - noncompliance
KW  - potential outcomes
KW  - randomized experiments
KW  - simultaneous equations models
KW  - selection models
KW  - instrumental variables
        ER  -