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Stata Tutorials Topic 45: Instrumental Variables Method (IV) using Stata | Regression Analysis and Estimation Methods Using Stata Hi, I am Bob. Welcome to the Stata course on regression analysis and estimation methods. We will discuss obtaining the 2SLS estimates with instrumental variables in Stata. Please check out the video on the basics of the instrumental variables method before running the models. We will estimate the return to education for male workers. The dataset comes from the textbook Introductory Econometrics: A Modern Approach by Professor Jeffrey Wooldridge. You can download the data file from the link below. Please download the dataset: https://drive.google.com/file/d/1FOQk... #IV #ivregress #2SLS #Stata #InstrumentalVariable #OmittedVariableBias #RegressionAnalysisandEstimationMethods #endogenous #estat The Stata commands in this video: *OLS regress lwage educ exper expersq black south smsa66 reg662-reg669 estimates store OLS *2SLS help ivregress *College Proximity as IV ivregress 2sls lwage exper expersq black south smsa66 reg662-reg669 (educ=nearc4), first display exp(.1530483)-1 estimates store IV1 esttab OLS IV1, mtitles se star(* 0.1 * 0.05 ** 0.01) b(%7.3f) *Parent's Education as IV egen parenteduc=rowmean(fatheduc motheduc) ivregress 2sls lwage exper expersq black south smsa66 reg662-reg669 (educ=parenteduc), first estimates store IV2 esttab OLS IV1 IV2, mtitles se star(* 0.1 * 0.05 ** 0.01) b(%7.3f) *Use Both IVs ivregress 2sls lwage exper expersq black south smsa66 reg662-reg669 (educ=nearc4 parenteduc), first estimates store IV3 esttab OLS IV1 IV2 IV3, mtitles se star(* 0.1 * 0.05 ** 0.01) b(%7.3f) *Postestimation Tests estat firststage estat endogenous estat overid 【Some Free Courses on My YouTube Channel】 Economics in Real Life: • Economics in Real Life Solutions to Introductory Econometrics A Modern Approach 7th Edition: • Solutions to Introductory Econometric... Solutions to Microeconomics Theory and Applications with Calculus: • Solutions to Microeconomics Theory an... Introductory Stata: • Introductory Stata (2022) Introductory Microeconomics: • Introductory Microeconomics (2022) Five Minute Econometrics: • Five Minute Econometrics (Econometric... Five Minute Stata: • Stata Tutorials 【國語Mandarin】現實生活中的經濟學: • 【Mandarin國語】現實生活中的經濟學 【粵語Cantonese】現實生活中的經濟學: • 【Cantonese粵語】現實生活中的經濟學 【粵語Cantonese】微觀經濟學基礎: • 粵語Cantonese微觀經濟學基礎2022 【國語Mandarin】五分鐘計量經濟學: • 【Mandarin國語】五分鐘計量經濟學(計量經濟學輔導) 【粵語Cantonese】五分鐘計量經濟學: • 【Cantonese粵語】五分鐘計量經濟學(計量經濟學輔導) On the Road: • On the Road 【Become a Supporter of the channel ($2.99) to get PDF transcripts for】 1. Solutions to Microeconomics Theory and Applications with Calculus 5th Edition, 2. Solutions to Introductory Econometrics A Modern Approach 7th Edition, 3. Introductory Stata (2022), 4. Introductory Microeconomics (2022), and 5. Introductory Stata: Summary Statistics and Data Management / @bobwenecon