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Cognitive Ability, Wages, and Meritocracy

Cawley, John; Conneely, Karen; Heckman, James J.; … - 2021

weights assigned to tests by g are similar for all major demographic groups. These results support Spearman's theory of g. We … that the labor market is organized on meritocratic principles. Additional factors beyond g are required to explain wages … and occupational choice. However, both blue collar and white collar wages are poorly predicted by g or even multiple …

Persistent link: https://www.econbiz.de/10013224869

Fifty Years of Mincer Earnings Regressions

Heckman, James J.; Lochner, Lance; Todd, Petra - 2021

option values, the internal rate of return - a cornerstone of classical human capital theory - is not a useful guide to …

Persistent link: https://www.econbiz.de/10013248669

Education, Health and Wages

Heckman, James J. - 2014

This paper develops and estimates a model with multiple schooling choices that identifies the causal effect of different levels of schooling on health, health-related behaviors, and labor market outcomes. We develop an approach that is a halfway house between a reduced form treatment effect...

Persistent link: https://www.econbiz.de/10013056601

Identification Problems in Personality Psychology

Borghans, Lex - 2011

This paper discusses and illustrates identification problems in personality psychology. The measures used by psychologists to infer traits are based on behaviors, broadly defined. These behaviors are produced from multiple traits interacting with incentives in situations. In general, measures...

Persistent link: https://www.econbiz.de/10013127766

Tests of Hypotheses Arising in the Correlated Random Coefficient Model

Heckman, James J. - 2010

This paper examines the correlated random coefficient model. It extends the analysis of Swamy (1971, 1974), who pioneered the uncorrelated random coefficient model in economics. We develop the properties of the correlated random coefficient model and derive a new representation of the variance...

Persistent link: https://www.econbiz.de/10013137320

Testing the Correlated Random Coefficient Model

Heckman, James J. - 2012

The recent literature on instrumental variables (IV) features models in which agents sort into treatment status on the basis of gains from treatment as well as on baseline-pretreatment levels. Components of the gains known to the agents and acted on by them may not be known by the observing...

Persistent link: https://www.econbiz.de/10013116685

Intergenerational Long Term Effects of Preschool - Structural Estimates from a Discrete Dynamic Programming Model

Heckman, James J. - 2013

This paper formulates a structural dynamic programming model of preschool investment choices of altruistic parents and then empirically estimates the structural parameters of the model using the NLSY79 data. The paper finds that preschool investment significantly boosts cognitive and...

Persistent link: https://www.econbiz.de/10013081261

Estimating the Technology of Cognitive and Noncognitive Skill Formation

Cunha, Flavio - 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

Evaluating Marginal Policy Changes and the Average Effect of Treatment for Individuals at the Margin

Carneiro, Pedro Manuel - 2010

This paper develops methods for evaluating marginal policy changes. We characterize how the effects of marginal policy changes depend on the direction of the policy change, and show that marginal policy effects are fundamentally easier to identify and to estimate than conventional treatment...

Persistent link: https://www.econbiz.de/10013151643

The Identification and Economic Content of Ordered Choice Models with Stochastic Thresholds

Cunha, Flavio - 2007

This paper extends the widely used ordered choice model by introducing stochastic thresholds and interval-specific outcomes. The model can be interpreted as a generalization of the GAFT (MPH) framework for discrete duration data that jointly models durations and outcomes associated with...

Persistent link: https://www.econbiz.de/10012776466