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natural-experiments

Category: analysis
Field: economics
License: private (curator-owned)
Updated: 2026-05-20
Stages: data-analysis

Curator-private skill — copy text from 100xOS/shared/skills/causal-inference/natural-experiments.md.

Natural Experiments: Taxonomy and Evaluation

What Makes a Natural Experiment

An exogenous event, institutional rule, or policy change assigns units to treatments as-if randomly, without researcher control. Credibility depends on: - Clear identification of the source of exogenous variation - Plausible independence from potential outcomes - Institutional knowledge of the assignment mechanism - Empirical support (balance tests, placebo tests, density tests)

Categories

Category Source of Variation Key Concern
Policy changes Cross-jurisdictional or over-time law/regulation variation Policy endogeneity, anticipation effects
Geographic discontinuities Borders, boundaries, spatial features Endogenous sorting near boundaries
Weather/environmental Rainfall, temperature, natural disasters Multiple channels (exclusion restriction)
Lotteries Draft, school admission, housing voucher Imperfect compliance (fuzzy design, LATE)
Institutional assignment Judge/examiner, date cutoffs, queue position Conditional random assignment validity
Historical variation Colonial institutions, historical infrastructure Long causal chains, exclusion restriction

Evaluating Natural Experiments

Internal Validity

  • Is the variation truly exogenous? Can agents sort or select?
  • Does the identifying assumption have testable implications?
  • Are there confounding contemporaneous changes?
  • Is the treatment well-defined or a bundle of changes?

External Validity

  • Does the design estimate a LATE for a specific subpopulation?
  • How representative is the affected population?
  • Does the setting generalize to other contexts?

Reporting Standards

  1. Clearly state the source of identifying variation.
  2. Present the first stage (if IV) or treatment-control comparison.
  3. Show balance on pre-treatment covariates.
  4. Present reduced-form evidence.
  5. Discuss threats explicitly.
  6. Conduct robustness and placebo analyses.