TY - BOOK AU - Heckman,James J. AU - Urzua,Sergio ED - National Bureau of Economic Research. TI - Comparing IV With Structural Models: What Simple IV Can and Cannot Identify T2 - NBER working paper series PY - 2009/// CY - Cambridge, Mass. PB - National Bureau of Economic Research N1 - February 2009; Hardcopy version available to institutional subscribers N2 - This paper compares the economic questions addressed by instrumental variables estimators with those addressed by structural approaches. We discuss Marschak's Maxim: estimators should be selected on the basis of their ability to answer well-posed economic problems with minimal assumptions. A key identifying assumption that allows structural methods to be more informative than IV can be tested with data and does not have to be imposed UR - https://www.nber.org/papers/w14706 UR - http://dx.doi.org/10.3386/w14706 ER -