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Empirical Techniques: Explain how each of the following techniques reduce the possibility of omitted variables when analyzing the impact of education policy. Using random assignment

Empirical Techniques: Explain how each of the following techniques reduce the possibility of omitted variables when analyzing the impact of education policy.

  1. Using random assignment (RCT) to evaluate the impact of a college scholarship on college attendance.
  2. Using family/sibling fixed effects to determine the effects of attending college on future earnings.
  3. Using a regression discontinuity to determine the effect of a prestigious college scholarship on future earnings. Scholarship eligibility is determined by an SAT score cutoff.

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