James Heckman

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James Heckman (born April 19, 1944) is an economist at the University of Chicago. He was the winner of Nobel Memorial Prize in Economics in 2000 for his pioneering work in econometrics and microeconomics.

After graduating form Colorado College, he attended the University of Chicago for a single year before going to Princeton University where he received his Ph.D. in economics in 1971. Dr. Heckman then served as an Assistant Professor at Columbia University before moving to the University of Chicago. In 2006 he was appointed as the Professor of Science and Society at University College Dublin[link].

Heckman is well known for alerting econometricians in labor economics to "selection bias." The basic concept of selection bias is that that people may select into groups based on the (often correct) belief that entering the group will leave them better off than not. for example, people who graduate from college may have good reason to believe that they will fair especially well as a college graduate, while those that opt out may have reason to believe that they will not get at much from the experience. He is also well known for his work in the field labor economics, particularly regarding the efficacy of early childhood education programs.

See also

• List of economists
• List of economics consultancies and think tanks

External link

• [James Heckman]

 

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