Locally Robust Policy Learning: Inequality, Inequality of Opportunity and Intergenerational Mobility
局部稳健政策学习:不平等、机会不平等与代际流动
Policy makers need to decide whether to treat or not to treat heterogeneous individuals. The optimal treatment choice depends on the welfare function that the policy maker has in mind and it is referred to as the policy learning problem. I study a general setting for policy learning with semiparametric Social Welfare Functions (SWFs) that can be estimated by locally robust/orthogonal moments based on U-statistics. This rich class of SWFs substantially expands the setting in…