Business Economics

, Volume 45, Issue 1, pp 75–76 | Cite as

Mostly Harmless Econometrics: An Empiricist's Companion

  • Jan Kmenta
Book Review

By Joshua D Angrist and Jorn-Steffen Pischke. 2008. New Jersey: Princeton University Press, pp. 392, $75.00, hardcover, $35.00 paperback.

Mostly Harmless Econometricsis the most recent addition to the literature on econometric methods. The authors are labor economists, and in this book they write mostly about econometric issues encountered in their empirical research. The book is definitely not a textbook but rather an elaboration and extension of some of the econometric methods applied by labor economists. It would be difficult for the reader to understand these methods without having them, or at least their basis, explained in an econometrics course first. Further, some of the topics, such as matching functions, quantile regressions, or clustering, are of a relatively recent origin and command little—if any—attention in existing econometrics texts. (A colleague of mine has picked up some points from the book and incorporated them in econometrics lectures.) Another uniqueness of the...

Copyright information

© National Association for Business Economics 2010

Authors and Affiliations

  • Jan Kmenta
    • 1
  1. 1.University of Michigan

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