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The Economics of Human Development and Social Mobility

Heckman, James J. - 2014

This paper distills and extends recent research on the economics of human development and social mobility. It summarizes the evidence from diverse literatures on the importance of early life conditions in shaping multiple life skills and the evidence on critical and sensitive investment periods...

Persistent link: https://www.econbiz.de/10013058273

Moderne Klassiker der Gesellschaftstheorie : von Karl Marx bis Milton Friedman

Pies, Ingo - 2016

Hirschmans grenzüberschreitende Ökonomik -- Thomas Schellings strategische Ökonomik -- Jon Elsters Theorie rationaler Bindungen … -- Douglass Norths ökonomische Theorie der Geschichte -- Ludwig von Mises' ökonomische Argumentationswissenschaft -- William … Theorie gesellschaftlicher Entwicklung -- John Maynard Keynes' Gesellschaftstheorie …

Persistent link: https://www.econbiz.de/10011403449

Simulation and estimation of hedonic models

Heckman, James J.; Matzkin, Rosa L.; Nesheim, Lars - 2003

Making use of restrictions imposed by equilibrium, theoretical progress has been made on the nonparametric and semiparametric estimation and identification of scalar additive hedonic models (Ekeland, Heckman, and Nesheim, 2002) and scalar nonadditive hedonic models (Heckman, Matzkin, and...

Persistent link: https://www.econbiz.de/10001784247

Identification and estimation of hedonic models

Ekeland, Ivar; Heckman, James J.; Nesheim, Lars - 2003

This paper considers the identification and estimation of hedonic models. We establish that in an additive version of the hedonic model, technology and preferences are generically identified up to affine transformations from data on demand and supply in a single hedonic market. For a very...

Persistent link: https://www.econbiz.de/10001870920

Inequality in Human Capital and Endogenous Credit Constraints

Hai, Rong - 2017

This paper investigates the determinants of inequality in human capital with an emphasis on the role of the credit constraints. We develop and estimate a model in which individuals face uninsured human capital risks and invest in education, acquire work experience, accumulate assets and smooth...

Persistent link: https://www.econbiz.de/10012966600

Estimating the Technology of Cognitive and Noncognitive Skill Formation

Cunha, Flávio - 2015

This paper formulates and estimates multistage production functions for children's cognitive and noncognitive skills. Skills are determined by parental environments and investments at different stages of childhood. We estimate the elasticity of substitution between investments in one period and...

Persistent link: https://www.econbiz.de/10013039154

General Equilibrium Treatment Effects : A Study of Tuition Policy

Heckman, James J.; Lochner, Lance; Taber, Christopher - 2021

This paper defines and estimates general equilibrium treatment effects. The conventional approach in the literature on treatment effects ignores interactions among individuals induced by the policy interventions being studied. Focusing on the impact of tuition policy, and using estimates from...

Persistent link: https://www.econbiz.de/10013218411

Causal Parameters and Policy Analysis in Economcs : a Twentieth Century Retrospective

Heckman, James J. - 2021

The major contributions of twentieth century econometrics to knowledge were the definition of causal parameters when agents are constrained by resources and markets and causes are interrelated, the analysis of what is required to recover causal parameters from data (the identification problem),...

Persistent link: https://www.econbiz.de/10013219291

Instrumental Variables : A Cautionary Tale

Heckman, James J. - 2021

This paper considers the use of instrumental variables to estimate the mean effect of treatment on the treated. It reviews previous work on this topic by Heckman and Robb (1985, 1986) and demonstrates that (a) unless the effect of treatment is the same for everyone (conditional on observables),...

Persistent link: https://www.econbiz.de/10013220809

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