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Econometric Causality

James Heckman

No 13934, NBER Working Papers from National Bureau of Economic Research, Inc

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.

JEL-codes: B41 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba
Date: 2008-04
Note: LS PE
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Published as James J. Heckman, 2008. "Econometric Causality," International Statistical Review, International Statistical Institute, vol. 76(1), pages 1-27, 04.

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Working Paper: Econometric causality (2008) Downloads
Working Paper: Econometric Causality (2008) Downloads
Working Paper: Econometric Causality (2008) Downloads
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