The literature on treatment effects focuses on gross benefits from program participation. We extend this literature by developing conditions under which it is possible to identify parameters measuring the cost and net surplus from program participation. Using the generalized Roy model, we...

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...

We discuss the past, present and future of the structural approach in empirical microeconomics, starting with its inception in the 1970s and 1980s. Our focus is on the use of the structural approach in labor economics, broadly defined to include population economics, human capital and related...