Minimum Wage Analysis
Understanding the causal effects of minimum wage increases requires examining counterfactual scenarios—what would have happened without the policy change. Susan discusses the importance of comparing employment trends in similar cities, like Seattle and San Francisco, to validate assumptions about the impact of such policies. By analyzing historical data, researchers can better assess whether observed changes in employment are genuinely due to the wage increase or merely coincidental trends.In this clip
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EconTalk
Susan Athey on Machine Learning, Big Data, and Causation
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