University of Chicago University of Southern California Columbia University
Field
Microeconomics
School or tradition
Chicago School of Economics
Alma mater
Colorado College (BA) Princeton University (PhD)
Doctoral advisor
Harry H. Kelejian Stanley Warren Black
Doctoral students
Carolyn Heinrich George Borjas Petra Todd Stephen Cameron Mark Rosenzweig Russ Roberts
Influences
Albert Rees Gary Becker Jacob Mincer
Contributions
Heckman correction
Awards
John Bates Clark Medal (1983) Nobel Memorial Prize in Economics (2000) Frisch Medal (2014)
Academic background
Thesis
Three Essays on the Supply of Labor and the Demand for Goods (1971)
James Joseph Heckman (born April 19, 1944) is an American economist and Nobel laureate who serves as the Henry Schultz Distinguished Service Professor in Economics at the University of Chicago, where he is also a professor at the College, a professor at the Harris School of Public Policy, Director of the Center for the Economics of Human Development (CEHD),[1] and Co-Director of Human Capital and Economic Opportunity (HCEO) Global Working Group.[2] He is also a professor of law at the Law School, a senior research fellow at the American Bar Foundation, and a research associate at the NBER. He received the John Bates Clark Medal in 1983, and the Nobel Memorial Prize in Economic Sciences in 2000, which he shared with Daniel McFadden. He is known principally for his pioneering work in econometrics and microeconomics.
Heckman is noted for his contributions to selection bias and self-selection in quantitative analysis in the social sciences, especially the Heckman correction, which earned him the Nobel Prize in Economics. He is also well known for his empirical research in labor economics and his scholarship on the efficacy of early childhood education programs. As of December 2022, according to RePEc, he is the second-most influential economist in the world.[3]
^"Professor James Heckman".
^"Prof. Heckman's University of Chicago Department of Economics Profile".
^"Economist Rankings". Archived from the original on 2023-01-14.
James Joseph Heckman (born April 19, 1944) is an American economist and Nobel laureate who serves as the Henry Schultz Distinguished Service Professor...
for censored dependent variables, a connection first drawn by JamesHeckman in 1974. Heckman also developed a two-step control function approach to estimate...
Civil War JamesHeckman (born 1944), American economist and Nobel laureate John Heckman (1785–1871), political figure in Nova Scotia Lonny Heckman (1969–2007)...
industrial proletariat of the Northern states before the American Civil War. JamesHeckman (born 1944) is a Nobel Prize-winner from 2000, is known for his pioneering...
Notable alumni include Liz Cheney, Dutch Clark, Thomas Hornsby Ferril, JamesHeckman, Steve Sabol, Ken Salazar, and Marc Webb. Most of the university's varsity...
who shared the 2000 Nobel Memorial Prize in Economic Sciences with JamesHeckman. McFadden's share of the prize was "for his development of theory and...
employability and success in life. The Nobel Prize-winning economist JamesHeckman claims that “soft skills predict success in life, that they casually...
Pierce. In June 2021, Pierce co-founded Roundtable Media alongside JamesHeckman and David Bailey. Pierce is the vice chair and spokesperson of the U...
including Nobel Prize in Economics laureates, such as Joseph Stiglitz, JamesHeckman, and Paul Krugman. Another recipient of the prize, Robert Shiller, argues...
In the 1970s, JamesHeckman noted the similarity between truncated and otherwise non-randomly selected samples, and developed the Heckman correction. Estimation...
Alan Greenspan, Chairman of the Federal Reserve from 1987 to 2006. JamesHeckman, 2000 Nobel Prize winner and Professor at University of Chicago; most...
1996: James A. Mirrlees / William Vickrey 1997: Robert C. Merton / Myron S. Scholes 1998: Amartya Sen 1999: Robert A. Mundell 2000: James J. Heckman / Daniel...
earn more than dropouts and less than high school graduates. Economist JamesHeckman found in a 1993 study that this is primarily due to differences in the...
Gerard 't Hooft (Physics – 1999) Martinus J. G. Veltman (Physics – 1999) JamesHeckman (Economics – 2000) George Akerlof (Economics – 2001) Joseph Stiglitz...
include Friedrich Hayek, Frank Knight, Milton Friedman, George Stigler, JamesHeckman, Gary Becker, Robert Fogel, Robert Lucas, Jr., John A. List, and Eugene...
Arvid Carlsson; Paul Greengard; Eric Kandel Gao Xingjian Kim Dae-jung JamesHeckman; Daniel McFadden 2001 Eric Allin Cornell; Wolfgang Ketterle; Carl Wieman...
zero correlation between independent variables and the error term. JamesHeckman proposed a two-stage estimation procedure using the inverse Mills ratio...
criticizing JamesHeckman, CEO of the magazine's publisher Maven, for his handling of pay cuts during the coronavirus pandemic. In response, Heckman criticized...
Robert Michael, June E. O'Neill, Sol Polachek, and Robert Willis. JamesHeckman was also influenced by the NHE tradition and attended the labor workshop...
Investor's Business Daily, June 19, 1992 "Cracked Bell" by Professor JamesHeckman in Reason (March 1995) "Federal and State Expenditures for AFDC" from...
Spence Harvard University Harvard University United States 2001 1983 JamesHeckman University of Chicago Princeton University United States 2000 1985 Jerry...
Sciences: Paul Krugman, Robert J. Shiller, Joseph Stiglitz, Richard Thaler, JamesHeckman, Thomas Sargent, Angus Deaton, and Oliver Hart; and by central bank...
the 1979 general election defeating the sitting Labour Government led by James Callaghan, the UK had endured several years of severe inflation, which was...
Human Capital and Economic Opportunity Global Working Group, headed by JamesHeckman, is affiliated with the Becker Friedman Institute for Research in Economics...
adversarial rather than consensual in nature." In a 2017 study, economists JamesHeckman and Rasmus Landersøn compared American and Danish social mobility, and...
of Birmingham Richard F. Heck Chemistry 2010 University of Delaware JamesHeckman Economics 2000 University of Chicago Alan J. Heeger Chemistry 2000 University...
Global Information