Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/79402
Authors: 
Heckman, James J.
Year of Publication: 
2008
Series/Report no.: 
cemmap working paper, Centre for Microdata Methods and Practice CWP01/08
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.
Subjects: 
causality, econometrics , Roy model , Neyman–Rubin model , subjective and objective evaluations , anticipated vs. realized outcomes , counterfactuals , treatment effects
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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