{"id":1382,"date":"2020-11-06T18:36:19","date_gmt":"2020-11-06T17:36:19","guid":{"rendered":"https:\/\/www.uni.lu\/fdef-fr\/events\/lunchseminar-in-economics-normalizations-and-misspecification-in-skill-formation-models\/"},"modified":"2020-11-06T18:36:19","modified_gmt":"2020-11-06T17:36:19","slug":"lunchseminar-in-economics-normalizations-and-misspecification-in-skill-formation-models","status":"publish","type":"events","link":"https:\/\/www.uni.lu\/fdef-fr\/events\/lunchseminar-in-economics-normalizations-and-misspecification-in-skill-formation-models\/","title":{"rendered":"Lunchseminar in Economics: Normalizations and misspecification in skill formation models"},"content":{"rendered":"<section class=\"wp-block-unilux-blocks-free-section section\"><div class=\"container xl:max-w-screen-xl\"><p>An important class of structural models investigates the determinants of skill formation and the optimal timing of interventions. To achieve point identification of the parameters, researcher typically normalize the scale and location of the unobserved skills.\u00a0 This paper shows that these seemingly innocuous restrictions can severely impact the interpretation of the parameters and counterfactual predictions. For example, simply changing the units of measurements of observed variables might yield ineffective investment strategies and misleading policy recommendations. To tackle these problems, this paper provides a new identification analysis, which pools all restrictions of the model, characterizes the identified set of all parameters without normalizations, illustrates which features depend on these normalizations, and introduces a new set of important policy-relevant parameters that are identified under weak assumptions and yield robust conclusions. As a byproduct, this paper also presents a general and formal definition of when restrictions are truly normalizations.<\/p><p><i>\u00a0<\/i><\/p><p><\/p><p><strong>Registration <\/strong><\/p><p>&#8211; Free seminar<\/p><p>&#8211; Registration to dem@uni.lu (please specify full name and institution)<\/p><\/div><\/section>","protected":false},"excerpt":{"rendered":"","protected":false},"author":0,"featured_media":1383,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","format":"standard","meta":{"featured_image_focal_point":[],"show_featured_caption":false,"ulux_newsletter_groups":"","uluxPostTitle":"","uluxPrePostTitle":"","_trash_the_other_posts":false,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"event_start_date":"2021-01-13 13:00:00","event_end_date":"2021-01-13 14:00:00","event_speaker_name":"Joachim Freyberger, University of Bonn, D","event_speaker_link":"","event_is_online":false,"event_location":"Universit\u00e9 du Luxembourg, Campus Kirchberg, 29, avenue JF Kennedy   L-1359 Luxembourg,\r\nONLINE ACCESS","event_street":"","event_location_link":"","event_zip_code":"","event_city":"","event_country":"LU"},"events-topic":[298],"events-type":[],"organisation":[137],"authorship":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.3 (Yoast SEO v22.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lunchseminar in Economics: Normalizations and misspecification in skill formation models - FDEF I Uni.lu<\/title>\n<meta name=\"description\" content=\"An important class of structural models investigates the determinants of skill formation and the optimal timing of interventions. To achieve point\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.uni.lu\/fdef-fr\/events\/lunchseminar-in-economics-normalizations-and-misspecification-in-skill-formation-models\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lunchseminar in Economics: Normalizations and misspecification in skill formation models\" \/>\n<meta property=\"og:description\" content=\"An important class of structural models investigates the determinants of skill formation and the optimal timing of interventions. To achieve point\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.uni.lu\/fdef-fr\/events\/lunchseminar-in-economics-normalizations-and-misspecification-in-skill-formation-models\/\" \/>\n<meta property=\"og:site_name\" content=\"FDEF FR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/uni.FDEF.lu\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/18\/2026\/03\/03111953\/FDEF_SM-Profile_1600x1600px-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"2560\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Dur\u00e9e de lecture estim\u00e9e\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.uni.lu\/fdef-fr\/events\/lunchseminar-in-economics-normalizations-and-misspecification-in-skill-formation-models\/\",\"url\":\"https:\/\/www.uni.lu\/fdef-fr\/events\/lunchseminar-in-economics-normalizations-and-misspecification-in-skill-formation-models\/\",\"name\":\"Lunchseminar in Economics: Normalizations and misspecification in skill formation models - FDEF I Uni.lu\",\"isPartOf\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-fr\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-fr\/events\/lunchseminar-in-economics-normalizations-and-misspecification-in-skill-formation-models\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-fr\/events\/lunchseminar-in-economics-normalizations-and-misspecification-in-skill-formation-models\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/18\/2020\/11\/lunchseminar_in_economics_normalizations_and_misspecification_in_skill_formation_models.jpg\",\"datePublished\":\"2020-11-06T17:36:19+00:00\",\"dateModified\":\"2020-11-06T17:36:19+00:00\",\"description\":\"An important class of structural models investigates the determinants of skill formation and the optimal timing of interventions. 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