TY  - JOUR
AU  - Heckman,James J.
TI  - Econometric Causality
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 13934
PY  - 2008
Y2  - April 2008
UR  - http://www.nber.org/papers/w13934
L1  - http://www.nber.org/papers/w13934.pdf
N1  - Author contact info:
James J. Heckman
Department of Economics
The University of Chicago
1126 E. 59th Street
Chicago, IL 60637
Tel: 773/702-0634
Fax: 773/702-8490
E-Mail: jjh@uchicago.edu
AB  - 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.
ER  -