Although admittedly a bit technical, for an exceptionally important methodological critique of a series of recent papers exploring the relation between abortion and crime rates, see Numerical Analysis in Least Squares Regression With an Application to the Abortion-Crime Debate. In it, Bill Anderson (Cornell) and Marty Wells (Cornell) take up limitations with OLS that are especially salient to social science in general and empirical legal scholarship in particular. From the abstract:
"The more ill-conditioned the data are,
the more sensitive the computed solution is to perturbations in the
data, and the more unstable the computed solutions are. Condition
numbers can also be used to signal the presence of solution degrading
collinearity in regression problems. We apply the various numerical
analysis tools and model diagnostics to the abortion-crime debate, and
show the regression analysis used in various papers addressing the
abortion-crime debate can not be trusted."
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