James Heckman
James Heckman | |
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Nobel Memorial Prize in Economics (2000) (2014)Frisch Medal | |
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
Early years
Heckman was born to John Jacob Heckman and Bernice Irene Medley in
Career
He served as an assistant professor at Columbia University before he moved to the University of Chicago, in 1973. He has been a dissertation advisor for over 70 students, including Carolyn Heinrich, George Borjas, Stephen Cameron, Mark Rosenzweig, and Russ Roberts.[7]
In addition to serving as the Henry Schultz Distinguished Service Professor and director of the Economics Research Center in the department of economics, Heckman is also a professor of law at the Law School[8] and a professor at the Harris School of Public Policy, where he is director of both the Center for Social Program Evaluation and Center for the Study of Childhood Development. He also serves as a member of the Becker Friedman Institute for Research in Economics's Research Council. Heckman has held many appointments at other institutions and notably served as the Distinguished Chair of Microeconometrics at University College London (2004-2008), a Professor of Science and Society at University College Dublin[9] (2005-2014), and as the Alfred Cowles Distinguished Visiting Professor at Yale University (2008-2011). His current appointments include Presidential Scholar-in-Residence at the University of Southern California's Leonard D. Schaeffer Center for Health Policy and Economics (2015-)[10] and International Research Fellow at the Institute for Fiscal Studies (2014-).[11]
Center for the Economics of Human Development
Founded in 2014 and directed by Heckman, the Center for the Economics of Human Development (CEHD), at the University of Chicago, umbrellas his multiple research areas and initiatives that encompass rigorous empirical research to determine effective human capital policies and program design. CEHD initiatives include the Human Capital and Economic Opportunity Global Working Group, the Pritzker Consortium on Early Childhood Development, the Heckman Equation, the Research Network on the Determinants of Life Course Capabilities and Outcomes, and the Asian Family in Transition Initiative. Along with professor Steve Durlauf, Heckman is the Co-Director of the HCEO Working Group.
Research
Heckman is noted for his contributions to
His work has been devoted to the development of a scientific basis for economic policy evaluation, with special emphasis on models of individuals and disaggregated groups, and the problems and possibilities created by
His recent research focuses on inequality, human development and lifecycle skill formation, with a special emphasis on the economics of early childhood education. He is currently conducting new social experiments on early childhood interventions and reanalyzing old experiments. He is also studying the emergence of the underclass in the US and Western Europe. For example, he showed that a high IQ only improved an individual's chances of financial success by 1 or 2%.[12] Instead, "conscientiousness," or "diligence, perseverance and self-discipline," are what led to financial success.[12]
In the early 1990s, his pioneering research, on the outcomes of people who obtain the
Heckman has published over 300 articles and several books. His books include Inequality in America: What Role for Human Capital Policy? (with Alan Krueger); Evaluating Human Capital Policy, Law, and Employment: Lessons from Latin America and the Caribbean (with Carmen Pages); the Handbook of Econometrics, volumes 5, 6A, and 6B (edited with Edward Leamer); Global Perspectives on the Rule of Law, (edited with R. Nelson and L. Cabatingan); and The Myth of Achievement Tests: The GED and the Role of Character in American Life (with John Eric Humphries and Tim Kautz).
He is currently co-editor of the Journal of Political Economy. He is also a member of the
Awards
Heckman has received numerous awards for his work, including the
Personal life
Heckman in 1979 married sociologist Lynne Pettler-Heckman, who died July 8, 2017.
See also
References
- ^ "Professor James Heckman".
- ^ "Prof. Heckman's University of Chicago Department of Economics Profile".
- ^ "Economist Rankings". Archived from the original on 2023-01-14.
- ^ a b "James J. Heckman". The Notable Names Database. 2008. Retrieved 2008-11-18.
- ^ Heckman, James J. (1971). Three essays on the supply of labor and the demand for goods.
- ^ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2000". NobelPrize.org. January 30, 2019. Retrieved January 30, 2019.
- ^ "James J Heckman CV" (PDF). jenni.uchicago.edu. Retrieved 2018-12-25.
- ^ "James J. Heckman | University of Chicago Law School". www.law.uchicago.edu. 23 August 2011. Retrieved 2016-03-24.
- ^ University College Dublin web site.
- ^ Gersema, Emily (2015-06-19). "Nobel laureate James Heckman joins USC Schaeffer Center". USC News. University of Southern California. Retrieved 2016-03-24.
- ^ "James Heckman - Institute For Fiscal Studies - IFS". www.ifs.org.uk. Archived from the original on 2016-10-22. Retrieved 2016-03-24.
- ^ a b Flam, Faye (December 22, 2016). "If You're So Smart, Why Aren't You Rich?". Bloomberg. Retrieved June 2, 2017.
- ^ "APS Member History". search.amphilsoc.org. Retrieved 2021-04-28.
- ^ Prize, Dan David. "James J. Heckman". www.dandavidprize.org. Retrieved 2020-10-25.
- ^ "James Heckman Earns Dan David Prize for Combating Poverty | HCEO". hceconomics.uchicago.edu. Retrieved 2020-10-25.
- ^ "Lynne Heckman Obituary (2017) - New York, NY - New York Times". Legacy.com.
- ^ "Alma Heckman's website at UC Santa Cruz".
External links
- James J. Heckman's Homepage at the University of Chicago Center for the Economics of Human Development'
- Heckman Media Coverage & Policy Impact
- IDEAS/RePEc
- Interview with James J. Heckman in The Region, Minneapolis Federal Reserve Bank, 2005
- Interview with James Heckman on the economic arguments for investing in the health of our children's learning
- James J. Heckman publications indexed by Google Scholar
- Publications by James J. Heckman at ResearchGate
- James Heckman: In early childhood education, ‘Quality really matters.’ Phone interview with the Washington Post
- "James J. Heckman (1944– )". Library of Economics and Liberty (2nd ed.). Liberty Fund. 2008.
- Appearances on C-SPAN
- James J. Heckman on Nobelprize.org includes the Prize Lecture 8 December 2000 Microdata, Heterogeneity and the Evaluation of Public Policy