|Title:||Econometric causality||Authors:||Heckman, James J.||Permanent link:||http://hdl.handle.net/10197/1880||Date:||15-Dec-2008||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.||Type of material:||Working Paper||Publisher:||University College Dublin. Geary Institute||Series/Report no.:||UCD Geary Institute Discussion Paper Series; WP/26/2008||Keywords:||Causality; Econometrics; Roy model; Neyman–Rubin model; Cubjective and objective evaluations; Anticipated vs. realized outcomes; Counterfactuals; Treatment effects||Subject LCSH:||Causation--Econometric models
|Other versions:||http://geary.ucd.ie/images/Publications/WorkingPapers/gearywp200826.pdf||Language:||en||Status of Item:||Not peer reviewed|
|Appears in Collections:||Geary Institute Working Papers|
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