Propensity Score Matching

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August 31, 2024 4 min read Definitions

Matching: Model of Interaction between Agents

Economics Social Sciences Matching Labour Market Propensity Score Matching Economic Models Interaction

Matching refers to a model of interaction in economics, where the joint productivity or pay-offs depend on the individual characteristics of both sides. This concept is widely applied in labour market studies and propensity score matching.

August 31, 2024 4 min read Definitions

Propensity Score Matching: Estimation of Causal Effects in Observational Data

Statistics Economics Social Sciences Propensity Score Matching Causal Inference Observational Data Treatment Effect Matching Methods

Propensity Score Matching is a statistical method used to estimate the causal effect of a treatment or policy intervention in observational data by comparing the outcomes of treated and untreated subjects who are otherwise similar in their observed characteristics.