Human Capital Persistence and Development

Rudi Rocha; Claudio Ferraz; Rodrigo R. Soares (2017) · American Economic Journal: Applied Economics

Published

October 10, 2026

import sys
from pathlib import Path

ROOT = next(
    p for p in [Path.cwd(), *Path.cwd().parents]
    if (p / "scripts/tranche50_report.py").exists()
)
sys.path.insert(0, str(ROOT / "scripts"))
from tranche50_report import report
report("aeraej-224")

Rudi Rocha; Claudio Ferraz; Rodrigo R. Soares (2017). American Economic Journal: Applied Economics. Table 6.

Source specification

Source target is the 1940 settlement interaction. The comparison averages both post-settlement waves; all 16 baseline-by-wave controls are retained.

Source coefficient Template on source sample Source N Template source-sample N
0.068381 0.054705 264 264

The source and comparison coefficients use different specifications or aggregation targets, as stated above; they are not an exact-replication comparison.

Role Column
Outcome sh_lit
Treatment policy
Unit cod72
Time year
Cluster cod72

16 retained control columns. Iyea_geo_lat_72_1920; Iyea_geo_long_72_1920; Iyea_geo_altitude_72_1920; Iyea_geo_distk_72_1920; Iyea_geo_solo_slat_72_1920; Iyea_geo_lat_72_1940; Iyea_geo_long_72_1940; Iyea_geo_altitude_72_1940; Iyea_geo_distk_72_1940; Iyea_geo_solo_slat_72_1940; Iyea_sh_foreign72_1920; Iyea_sh_slaves72_1920; Iyea_sh_child_school72_1920; Iyea_sh_foreign72_1940; Iyea_sh_slaves72_1940; Iyea_sh_child_school72_1940

Estimates below divide the outcome by its source-sample standard deviation, 0.158834. Static TWFE is the treatment coefficient. Dynamic TWFE, BJS and Sun–Abraham average supported post-treatment cells by observation count. CS-DID additionally reports an equal-event-time average.

Analysis sample and treatment timing

Observations Units Treated Control units Cohorts Clusters
264 88 19 69 1 88

Adoption is the first observed treated period. Initially treated units and units without an observed minus-one baseline are excluded. Post-adoption untreated rows are excluded for switching policies. The plot shows at most 100 seeded-sample units; estimation uses the full eligible sample. Empty cells remain missing.

y__d: 88 of 88 units shown (seed 20261008). All eligible units enter estimation. Purple: untreated; yellow: treated; white: unobserved.

Estimates

Estimator Estimate (SD) SE 95% lower 95% upper Target Status
Static TWFE 0.34441 0.16588 0.014718 0.67411 Coefficient estimated
Dynamic TWFE 0.34441 0.16622 0.014041 0.67479 Treated cells estimated
BJS / did2s 0.34965 0.17367 0.0044497 0.69484 Treated cells estimated
Sun–Abraham 0.34441 0.16622 0.014041 0.67479 Treated cells estimated
CS-DID (equal event-time) 0.44447 0.17934 0.092972 0.79598 Equal post-event times estimated
CS-DID (treated cells) 0.44447 0.17934 0.092972 0.79598 Treated cells estimated
SDID nan nan nan nan Treated cells unsupported
Matrix completion nan nan nan nan Treated cells unsupported
Horizontal ridge nan nan nan nan Treated cells unsupported
Multisynth (cohort-averaged) nan nan nan nan Treated cells unsupported
Multisynth (individual) nan nan nan nan Treated cells unsupported

Intervals use the configured clusters and the estimator’s available inference. Hollow points have no computed interval; no new refit-bootstrap batch is run.

Estimator Reason
SDID sdid: this adapter does not implement covariate adjustment; controls retained.
Matrix completion matrix-completion: this adapter does not implement covariate adjustment; controls retained.
Horizontal ridge horizontal-ridge: this adapter does not implement covariate adjustment; controls retained.
Multisynth (cohort-averaged) multisynth-cohort: this adapter does not implement covariate adjustment; controls retained.
Multisynth (individual) multisynth-individual: this adapter does not implement covariate adjustment; controls retained.

Event studies

Cohort homogeneity

The imported TestingInEventStudies deviations design tests positive-event-time cohort deviations jointly. This is the homoskedastic nested-model F-test; the estimator confidence intervals above use clustered inference.

**y__d: homogeneity test not identified.** Only one treated cohort remains on the common supported sample.

Fitting settings and checks

Specification Estimator Settings Pooling
y__d CS-DID {“est_method”: “dr”, “covariate_basis”: “cell-specific rank-reduced column space”, “control_group”: “notyettreated”, “xformla”: “y ~ 1 + x0 + x1 + x2 + x3 + x4 + x5 + x6 + x7 + x8 + x9 + x10 + x11 + x12 + x13 + x14 + x15”, “panel”: true, “effective_panel”: true, “allow_unbalanced_panel”: true, “weights_name”: “weight”, “fix_weights”: null, “base_period”: “universal”, “clustervar”: “cluster”, “aggregate”: “dynamic”, “faster_mode”: true} {}
y__d SDID {} {}
y__d Matrix completion {} {}
y__d Horizontal ridge {} {}
y__d Multisynth (cohort-averaged) {} {}
y__d Multisynth (individual) {} {}
{
  "did2s_vs_direct_imputation_max_post_difference": 4.3298697960381105e-14,
  "package_aggregate_vs_estimable_cell_weights": null
}