TY  - RPRT
        AU  - Heckman, James J.
        TI  - Econometric Causality
        PY  - 2008/Mar/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 3425
        UR  - https://www.iza.org/publications/dp3425
        AB  - 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.
        KW  - subjective and objective evaluations
KW  - Neyman-Rubin model
KW  - Roy model
KW  - causality
KW  - econometrics
KW  - treatment effects
KW  - counterfactuals
KW  - anticipated vs. realized outcomes
        ER  -