Table 4.

PSM matching methods and their performance on given indicators

Matching estimatorsMatched sample sizePseudo R2Mean biasNo. of Insignificant covariates
Nearest neighbor matching (NNM)
NN(1)3450.05913.509
NN(2)3450.03011.110
NN(3)3450.03110.609
Caliper matching
Radius 0.013250.04510.708
Radius 0.05,0.1 and 0.53450.05913.509
Kernel matching
Bandwidth (0.01)3250.02910.511
Bandwidth (0.05)3450.0168.211
Bandwidth (0.1)3450.0106.612
Bandwidth (0.25)3450.0135.612
Bandwidth (0.5)3450.0539.011
Source: Survey data (2021)

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