Pitfalls of Using Proxy Variables in Studies of Guns and Crime
8 Pages Posted: 29 Nov 2003
Date Written: November 10, 2003
The magnitude of the estimated coefficient on a proxy variable in a regression is only useful in determining sign and significance. Two recent papers on the relationship between guns and crime incorrectly state that such coefficients have important policy implications.
Keywords: Crime, guns, proxy variables
JEL Classification: K42, C59
Suggested Citation: Suggested Citation