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Second, event study designs with binned endpoints and distributed\u2010lag models are numerically identical. Third, classic dummy variable event study designs can be generalized to models that account for multiple treatments of different signs and varying intensities. We demonstrate the practical relevance of our methodological points in an application studying the effects of unemployment benefit duration on job search effort.<\/jats:p>","DOI":"10.1002\/jae.2971","type":"journal-article","created":{"date-parts":[[2023,2,22]],"date-time":"2023-02-22T01:49:55Z","timestamp":1677030595000},"page":"695-713","update-policy":"https:\/\/doi.org\/10.1002\/crossmark_policy","source":"Crossref","is-referenced-by-count":216,"title":["On event studies and distributed\u2010lags in two\u2010way fixed effects models: Identification, equivalence, and generalization"],"prefix":"10.1002","volume":"38","author":[{"given":"Kurt","family":"Schmidheiny","sequence":"first","affiliation":[{"name":"University of Basel, CEPR, CESifo  Basel Switzerland"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Sebastian","family":"Siegloch","sequence":"additional","affiliation":[{"name":"University of Cologne, CEPR, ZEW, IZA, CESifo  Cologne Germany"}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"311","published-online":{"date-parts":[[2023,4,12]]},"reference":[{"key":"e_1_2_9_2_1","doi-asserted-by":"publisher","DOI":"10.1093\/qje\/qjx029"},{"key":"e_1_2_9_3_1","doi-asserted-by":"publisher","DOI":"10.1257\/jep.24.2.3"},{"key":"e_1_2_9_4_1","doi-asserted-by":"publisher","DOI":"10.1086\/344122"},{"key":"e_1_2_9_5_1","doi-asserted-by":"publisher","DOI":"10.1016\/j.jfineco.2022.01.004"},{"key":"e_1_2_9_6_1","doi-asserted-by":"publisher","DOI":"10.1162\/REST_a_00674"},{"key":"e_1_2_9_7_1","doi-asserted-by":"publisher","DOI":"10.1086\/710558"},{"key":"e_1_2_9_8_1","article-title":"Revisiting event study designs: Robust and efficient estimation","author":"Borusyak K.","year":"2022","journal-title":"arXiv:2108.12419"},{"key":"e_1_2_9_9_1","article-title":"Behavioral responses to wealth taxes: Evidence from Switzerland","volume":"4","author":"Br\u00fclhart M.","year":"2022","journal-title":"American Economic Journal: Economic Policy"},{"key":"e_1_2_9_10_1","article-title":"Difference\u2010in\u2010differences with a continuous treatment","author":"Callaway B.","year":"2021","journal-title":"arXiv:2107.02637"},{"key":"e_1_2_9_11_1","doi-asserted-by":"publisher","DOI":"10.1016\/j.jeconom.2020.12.001"},{"key":"e_1_2_9_12_1","doi-asserted-by":"publisher","DOI":"10.1017\/CBO9780511811241"},{"key":"e_1_2_9_13_1","doi-asserted-by":"publisher","DOI":"10.1093\/qje\/qjz014"},{"key":"e_1_2_9_14_1","doi-asserted-by":"publisher","DOI":"10.1257\/aer.20151604"},{"key":"e_1_2_9_15_1","doi-asserted-by":"publisher","DOI":"10.1257\/aer.20170765"},{"key":"e_1_2_9_16_1","doi-asserted-by":"publisher","DOI":"10.1257\/aer.20181169"},{"key":"e_1_2_9_17_1","article-title":"Difference\u2010in\u2010differences estimators of intertemporal treatment effects","author":"Chaisemartin C.","year":"2022","journal-title":"arXiv:2007.04267"},{"key":"e_1_2_9_18_1","article-title":"Two\u2010way fixed effects and differences\u2010in\u2010differences with heterogeneous treatment effects: A survey","author":"Chaisemartin C.","year":"2022","journal-title":"Econometrics Journal (forthcoming)"},{"key":"e_1_2_9_19_1","article-title":"Two\u2010way fixed effects regressions with several treatments","author":"Chaisemartin C.","year":"2022","journal-title":"arXiv:2012.10077"},{"key":"e_1_2_9_20_1","first-page":"316","article-title":"Characteristics and procedure of common stock split\u2010ups","author":"Dolley J. 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