Propensity score matching (PSM) is a quasi-experimental method in which the researcher uses statistical techniques to construct an artificial control group by matching each treated unit with a non-treated unit of similar characteristics. Using these matches, the researcher can estimate the impact of an intervention.
Does propensity score matching work?
Several studies have demonstrated that propensity score matching eliminates a greater proportion of the systematic differences in baseline characteristics between treated and untreated subjects than does stratification on the propensity score or covariate adjustment using the propensity score (Austin, 2009a; Austin, ...
Why not use propensity score matching?
We show that propensity score matching (PSM), an enormously popular method of preprocessing data for causal inference, often accomplishes the opposite of its intended goal --- thus increasing imbalance, inefficiency, model dependence, and bias.