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Heckman, James J. - 2010

internal rates of return that take into account tuition costs, income taxes and nonlinearities in the earnings …

Persistent link: https://www.econbiz.de/10012759549

Earnings Functions, Rates of Return and Treatment Effects : The Mincer Equation and Beyond

Heckman, James J.; Lochner, Lance; Todd, Petra - 2022

This paper considers the interpretation of "Mincer rates of return." We test and reject the Mincer model. It fails to track the time series of true returns. We show how repeated cross section and panel data improves the ability of analysts to estimate the ex ante and ex post marginal rate of...

Persistent link: https://www.econbiz.de/10014063044

Personality Psychology and Economics

Almlund, Mathilde - 2011

This paper explores the power of personality traits both as predictors and as causes of academic and economic success, health, and criminal activity. Measured personality is interpreted as a construct derived from an economic model of preferences, constraints, and information. Evidence is...

Persistent link: https://www.econbiz.de/10013127755

Schools, Skills, and Synapses

Heckman, James J. - 2008

emergence of differentials in abilities between children of advantaged families and children of disadvantaged families, (c) the …

Persistent link: https://www.econbiz.de/10012771710

The Race between Demand and Supply : Tinbergen's Pioneering Studies of Earnings Inequality

Heckman, James J. - 2019

Understanding inequality and devising policies to alleviate it was a central focus of Jan Tinbergen's lifetime research. He was far ahead of his time in many aspects of his work. This essay places his work in the perspective of research on inequality in his time and now, focusing on his studies...

Persistent link: https://www.econbiz.de/10012895908

Estimation of Dynamic Discrete Choice Models by Maximum Likelihood and the Simulated Method of Moments

Eisenhauer, Phillipp - 2014

We compare the performance of maximum likelihood (ML) and simulated method of moments (SMM) estimation for dynamic discrete choice models. We construct and estimate a simplified dynamic structural model of education that captures some basic features of educational choices in the United States in...

Persistent link: https://www.econbiz.de/10013044978

Separating Uncertainty from Heterogeneity in Life Cycle Earnings

Cunha, Flavio; Heckman, James J.; Navarro-Lozano, Salvador - 2021

forecastable at the time students decide to go to college (heterogeneity) and components that are unforecastable. About 60% of …

Persistent link: https://www.econbiz.de/10013216132

Estimating Distributions of Treatment Effects with an Application to the Returns to Schooling and Measurement of the Effects of Uncertainty on College

Carneiro, Pedro Manuel; Hansen, Karsten T.; Heckman, … - 2021

This paper uses factor models to identify and estimate distributions of counterfactuals. We extend LISREL frameworks to a dynamic treatment effect setting, extending matching to account for unobserved conditioning variables. Using these models, we can identify all pairwise and joint treatment...

Persistent link: https://www.econbiz.de/10013217582

Selection Bias, Comparative Advantage and Heterogeneous Returns to Education

Heckman, James J.; Li, Xuesong - 2021

This paper uses newly available Chinese micro data to estimate the return to college education for late 20th century China when allowing for heterogeneous returns among individuals selecting into schooling based on these differences. We use recently developed semiparametric methods to identify...

Persistent link: https://www.econbiz.de/10013221843

Labor Market Discrimination and Racial Differences in Premarket Factors

Carneiro, Pedro Manuel; Heckman, James J.; Masterov, … - 2021

. Their study has been faulted because minority children and their parents may have pessimistic expectations about receiving … outcomes, minority parents and children have more pessimistic expectations about child schooling relative to white children and … their parents when their children are young. At later ages, expectations are more uniform across racial and ethnic groups …

Persistent link: https://www.econbiz.de/10013252350