EN       DE
 
  Home   Search  
IDSC
 
IZA World of Labor
  Site Map   Contact   Member Login
   

IZA

Logo
Econometric Causality
by James J. Heckman
(March 2008)
published in: International Statistical Review, 2008, (76) 1, 1-27

Abstract:
This paper presents the econometric approach to causal modeling. It is motivated by policy problems. New causal parameters are defined and identified to address specific policy problems. Economists embrace a scientific approach to causality and model the preferences and choices of agents to infer subjective (agent) evaluations as well as objective outcomes. Anticipated and realized subjective and objective outcomes are distinguished. Models for simultaneous causality are developed. The paper contrasts the Neyman-Rubin model of causality with the econometric approach.
Text: See Discussion Paper No. 3425  




 

© IZA  Impressum  Last updated: 2014-09-28  webmaster@iza.org    |   Print View    |    Privacy Policy