Reconciliation Narratives — expanded estimators

Esposito et al. (2023), AER. https://doi.org/10.1257/aer.20210413

4 specifications. Effects are in outcome standard deviations; intervals are 95%.

Treatment adoption

Treatment adoption timing

S14-P004: seeded sample of 100 of 923 eligible units. Purple untreated; yellow treated; white unobserved.

BON-T4-PA-C1

BON-T4-PA-C1 · S14-P001 · Data & fit details

62,968 observations · 926 units · 926 clusters · 431 treated / 495 control units.

Estimate comparison

S14-P001: point estimates, targets and available 95% intervals
Estimator Estimate (SDs) SE 95% CI Averaging
Static TWFE 0.226 0.029 [0.170, 0.283] Coefficient
Dynamic TWFE 0.277 0.052 [0.174, 0.379] Treated cells
BJS / did2s 0.337 0.034 [0.271, 0.403] Treated cells
Sun–Abraham 0.277 0.049 [0.180, 0.374] Treated cells
CS-DID (equal event-time) 0.705 0.105 [0.500, 0.910] Equal post-event times
CS-DID (treated cells) 0.276 0.056 [0.166, 0.385] Treated cells
Matrix completion 0.336 — — Treated cells
Horizontal ridge 0.502 — — Treated cells
Multisynth (cohort-averaged) 0.325 0.045 [0.235, 0.413] Treated cells

Event studies

Periods −10 to +10; pointwise 95% intervals where available.

Dynamic TWFE event study Sun–Abraham event study BJS / did2s event study CS-DID event study Matrix completion event study Horizontal ridge event study Multisynth (cohort-averaged) event study

BON-T4-PA-C4

BON-T4-PA-C4 · S14-P002 · Data & fit details

47,226 observations · 926 units · 926 clusters · 366 treated / 560 control units.

Estimate comparison

S14-P002: point estimates, targets and available 95% intervals
Estimator Estimate (SDs) SE 95% CI Averaging
Static TWFE 0.164 0.045 [0.076, 0.252] Coefficient
Dynamic TWFE 0.072 0.095 [-0.114, 0.259] Treated cells
BJS / did2s 0.205 0.048 [0.110, 0.299] Treated cells
Sun–Abraham 0.130 0.089 [-0.045, 0.304] Treated cells
CS-DID (equal event-time) 0.642 0.230 [0.191, 1.093] Equal post-event times
CS-DID (treated cells) 0.123 0.099 [-0.071, 0.317] Treated cells
Matrix completion 0.205 — — Treated cells
Horizontal ridge 0.296 — — Treated cells
Multisynth (cohort-averaged) 0.254 0.064 [0.127, 0.374] Treated cells

Event studies

Periods −10 to +10; pointwise 95% intervals where available.

Dynamic TWFE event study BJS / did2s event study Sun–Abraham event study CS-DID event study Matrix completion event study Horizontal ridge event study Multisynth (cohort-averaged) event study

BON-T4-PB-C1

BON-T4-PB-C1 · S14-P003 · Data & fit details

62,764 observations · 923 units · 923 clusters · 429 treated / 494 control units.

Estimate comparison

S14-P003: point estimates, targets and available 95% intervals
Estimator Estimate (SDs) SE 95% CI Averaging
Static TWFE 0.226 0.029 [0.169, 0.283] Coefficient
Dynamic TWFE 0.271 0.053 [0.167, 0.375] Treated cells
BJS / did2s 0.335 0.034 [0.268, 0.402] Treated cells
Sun–Abraham 0.269 0.050 [0.171, 0.367] Treated cells
CS-DID (equal event-time) 0.676 0.105 [0.470, 0.882] Equal post-event times
CS-DID (treated cells) 0.268 0.056 [0.158, 0.378] Treated cells
Matrix completion 0.335 — — Treated cells
Horizontal ridge 0.509 — — Treated cells
Multisynth (cohort-averaged) 0.327 0.046 [0.237, 0.414] Treated cells

Event studies

Periods −10 to +10; pointwise 95% intervals where available.

Dynamic TWFE event study Sun–Abraham event study BJS / did2s event study CS-DID event study Matrix completion event study Horizontal ridge event study Multisynth (cohort-averaged) event study

BON-T4-PB-C4

BON-T4-PB-C4 · S14-P004 · Data & fit details

47,073 observations · 923 units · 923 clusters · 364 treated / 559 control units.

Estimate comparison

S14-P004: point estimates, targets and available 95% intervals
Estimator Estimate (SDs) SE 95% CI Averaging
Static TWFE 0.166 0.046 [0.076, 0.256] Coefficient
Dynamic TWFE 0.063 0.097 [-0.127, 0.254] Treated cells
BJS / did2s 0.205 0.049 [0.108, 0.302] Treated cells
Sun–Abraham 0.117 0.090 [-0.060, 0.295] Treated cells
CS-DID (equal event-time) 0.594 0.235 [0.133, 1.055] Equal post-event times
CS-DID (treated cells) 0.111 0.101 [-0.087, 0.309] Treated cells
Matrix completion 0.208 — — Treated cells
Horizontal ridge 0.299 — — Treated cells
Multisynth (cohort-averaged) 0.258 0.064 [0.127, 0.381] Treated cells

Event studies

Periods −10 to +10; pointwise 95% intervals where available.

Dynamic TWFE event study BJS / did2s event study Sun–Abraham event study CS-DID event study Matrix completion event study Horizontal ridge event study Multisynth (cohort-averaged) event study