Static model of educational choice

You can download the slides for this lecture here.

References

Carneiro, P., Hansen K. T., & Heckman J. J. (2003). 2001 Lawrence R. Klein lecture: Estimating distributions of treatment effects with an application to the returns to schooling and measurement of the effects of uncertainty on college choice. International Economic Review, 44(2), 361–422.

Carneiro, P., Heckman, J. J., & Vytlacil, E. J. (2011). Estimating marginal returns to education. American Economic Review, 101(6), 2754–81.

grmpy (2018). grmpy: A Python package for the simulation and estimation of the generalized Roy model. Retrieved from http://doi.org/10.5281/zenodo.1162640

Heckman, J. J., & Vytlacil, E. J. (2007a). Econometric evaluation of social programs, part I: Causal effects, structural models and econometric policy evaluation. In J. J. Heckman and E. E. Leamer (Eds.), Handbook of econometrics (Vol. 6B, pp. 4779–4874). Amsterdam, Netherlands: Elsevier Science.

Heckman, J. J., & Vytlacil, E. J. (2007b). Econometric evaluation of social programs, part II: Using the marginal treatment effect to organize alternative economic estimators to evaluate social programs and to forecast their effects in new environments. In J. J. Heckman and E. E. Leamer (Eds.), Handbook of econometrics (Vol. 6B, pp. 4779–4874). Amsterdam, Netherlands: Elsevier Science.