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Lives of the LaureatesTwenty-three Nobel Economists$
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Roger W. Spencer and David A. Macpherson

Print publication date: 2014

Print ISBN-13: 9780262027960

Published to MIT Press Scholarship Online: May 2015

DOI: 10.7551/mitpress/9780262027960.001.0001

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PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 27 September 2021

James J. Heckman

James J. Heckman

Chapter:
(p.233) James J. Heckman
Source:
Lives of the Laureates
Author(s):

Roger W. Spencer

David A. Macpherson

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262027960.003.0015

This chapter presents the career of James J. Heckman as an economist and examines how he became a Nobel Prize awardee. Heckman was born in 1944 and earned his M.A. and Ph.D. from Princeton University. He was appointed professor of economics in 1977 and later served as a distinguished service professor of economics at the University of Chicago. His philosophy was that economics is useful only if it helps to explain the economy and solve practical problems. He stressed the need for more rigorous empirical testing of economic models. His work covered a wide area that included labor supply, affirmative action, pricing of labor services, labor force dynamics, and regulation and deregulation in Europe and Latin America. His research in these areas drew him to new theories and new econometrics. His works include Longitudinal Analysis of Labor Market Data and Inequality in America: What Role for Human Capital Policies?

Keywords:   James J. Heckman, labor supply, pricing of labor services, labor force dynamics

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