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Information for the Public. James Heckman and Daniel McFadden have each developed theory and methods that are widely used in the statistical analysis of individual and household behavior, within economics as well as other social sciences.
Persistent link: https://www.econbiz.de/10005069925
I was born in the Chicago, IL neighbourhood of Hyde Park on April, 1944, to my parent Bernice Irene Medley Heckman and John Jacob Heckman. I have one sister, Jean Ellen Heckman Bates, who is four years older. Although I was born near the University of Chicago, my family was not connected with...
Persistent link: https://www.econbiz.de/10005112568
Interviewer is Professor Bertil Holmlund, Uppsala University.
Persistent link: https://www.econbiz.de/10005112572
This paper summarizes the contributions of microeconometrics to economic knowledge. Four main themes are developed. (1) Microeconometricians developed new tools to respond to econometric problems raised by the analysis of the new source of microdata produced after the Second World War. (2)...
Persistent link: https://www.econbiz.de/10005112603
This Nobel lecture discusses the microeconometric analysis of choice behavior of consumers who face discrete economic alternatives.Before the 1960's, economists used economic theory mostly as a logical tool, to explore conceptually the properties of alternative market organizations and economic...
Persistent link: https://www.econbiz.de/10005112604
Advanced Information. Microeconometric research is concerned with empirical analysis of the economic behavior of individuals and households, such as decisions on labor supply, consumption, migration or occupational choice. Microeconometric methods are equally relevant in studies of individual...
Persistent link: https://www.econbiz.de/10005112605
In their IZA Discussion Paper 10247, Johansson and Lee claim that the main result (Proposition 3) in Abbring and Van den Berg (2003b) does not hold. We show that their claim is incorrect. At a certain point within their line of reasoning, they make a rather basic error while transforming one...
Persistent link: https://www.econbiz.de/10011543629
In many microeconometric models we use distances. For instance, in modelling the individual behavior in labor economics or in health studies, the distance from a relevant point of interest (such as a hospital or a workplace) is often used as a predictor in a regression framework. However, in...
Persistent link: https://www.econbiz.de/10011411576
Often, a treatment and the outcome of interest are characterized by the moment they occur, and these moments are realizations of stochastic processes with dependent unobserved determinants. We develop a simple and intuitive method for inference on the treatment effect. The method can be...
Persistent link: https://www.econbiz.de/10011575203
This paper develops the method of local instrumental variables for models with multiple, unordered treatments when treatment choice is determined by a nonparametric version of the multinomial choice model. Responses to interventions are permitted to be heterogeneous in a general way and agents...
Persistent link: https://www.econbiz.de/10003870351