James Heckman

James Heckman (2009)

James Joseph Heckman (born April 19, 1944 in Chicago , Illinois ) is an American economist . He grew up in a suburb of Denver , where he also went to school. In 2000 he and Daniel McFadden received the Nobel Prize in Economics for developing theories and methods for the analysis of selective samples .

Life

Heckman studied mathematics at Colorado College , where he graduated with a BA. In 1971 he received a Ph.D. from Princeton University. in economics . Initially, Heckman was a lecturer at Columbia University ; since 1973 he has been teaching at the University of Chicago . In addition to his chair, Heckman also heads the Economics Research Center and the Center for Social Program Evaluation at the Irving B. Harris School of Public Policy. In 2004 he was offered a chair in microeconometry at University College London . In 2006 University College Dublin appointed him professor.

Heckman examined the decision-making behavior of people , households and companies in microeconomics . He developed a simple procedure for the detection and correction of errors and misinterpretations of selection processes .

He wrote some papers on the impact of social programs on society and the economy ; For example, he examined the results of the High / Scope Perry Preschool Project , which compared the impact a preschool can have on later life.

Honors

• 1983: John Bates Clark Medal
• 1985: Elected member of the American Academy of Arts and Sciences
• 1992: Elected member of the National Academy of Sciences
• 2000: Prize for economics from the Swedish Reichsbank in memory of Alfred Nobel , together with Daniel McFadden
• 2008: Elected member of the American Philosophical Society
• 2014: Frisch Medal of the Econometric Society (with Flavio Cunha and Susanne M. Schennach )
• 2016: Dan David Prize

Works

• Sample selection bias as a specification error. Econometrica , 1979, pp. 153-161.
• The common structure of statistical models of truncation, sample selection and limited dependent variables and a simple estimator for such models. Annals of Economic and Social Measurement, Volume 5, number 4. NBER, 1976. 475-492.
• The economics and econometrics of active labor market programs. (with Robert J. LaLonde and Jeffrey A. Smith) Handbook of labor economics 3 (1999): 1865-2097.
• J. Heckman and A. Krueger (Eds.): Inequality in America: What Role for Human Capital Policy? MIT Press, 2003.
• Evaluating Human Capital Policy . Princeton University Press. (2004)
• Law and Employment: Lessons From Latin America and the Caribbean . University of Chicago Press. (2003)
• Incentives in Government Bureaucracies: Can Incentives in Bureaucracies Emulate Market Efficiency? . Brookings. (2004)
• Giving kids a fair chance . MIT Press, Cambridge, Massachusetts, USA 2013, ISBN 978-0-262019132 .

See also

• Logistic regression
• List of Nobel Prize Winners in Economics

Web links

Commons : James Heckman  - Collection of Images, Videos and Audio Files

• Literature by and about James Heckman in the catalog of the German National Library
• James Heckman in the catalog of the ZBW - Leibniz Information Center for Economics (ZBW)
• Information from the Nobel Foundation on the award ceremony 2000 to James Heckman

Individual evidence

1. ↑ University College Dublin: Nobel laureate in economics receives UCD Ulysses Medal and takes up appointment as UCD Professor of Science and Society , 2006.
2. ↑ F. Berth: "The middle class should pay fees" . Nobel Laureate James Heckman talks about education, equal opportunities and a small program with huge effects. May 17, 2010.
3. ^ Member History: James J. Heckman. American Philosophical Society, accessed September 26, 2018 (with biography). 
4. ↑ Awards. econometricsociety.org , accessed on August 16, 2015 .