The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Heckman, James (Born 1944)

  • Richard Blundell
  • Lars Peter Hansen
  • Derek Neal
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_2040

Abstract

James Heckman has made fundamental contributions to the development of methods that allow economists to estimate models of economic behaviour using data on individual decisions. He has also produced numerous important empirical results that advanced understanding of how government policies that regulate labour markets and influence educational opportunity affect economic inequality among individuals and groups.

Keywords

Additive regression models Black–white labour market inequality in the United States Childcare Competing risks model Consumer theory Depreciation Difference-in-difference estimators Discrete and continuous decision variables Duration models Econometric Society Econometrics Employment spells Fixed effects General Educational Development (GED) test Heckman, J Heterogeneity Human capital Identification Instrumental variables Internal migration Labour supply Leisure Life-cycle labour supply Marginal treatment effects Marginal utility of wealth Matching Maximum likelihood Multiple regime models Non-cognitive skills Principle assumption Programme evaluation Roy model Selection Selection bias State dependence Training Treatment effect Two-step estimator Uncertainty Wage differentials 

JEL Classifications

B31 
This is a preview of subscription content, log in to check access.

Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Richard Blundell
    • 1
  • Lars Peter Hansen
    • 1
  • Derek Neal
    • 1
  1. 1.