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The Nobel Memorial Prize in Economics 2000

The Nobel Memorial Prize in Economics 2000 The Royal Swedish Academy of Sciences has decided to award the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, 2000, to James J. Heckman, University of Chicago, USA, and Daniel L. McFadden, University of California, Berkeley, USA. In the ®eld of microeconometrics, each of the laureates has developed theory and methods that are widely used in the statistical analysis of individual and household behavior, within economics as well as other social sciences. Citation of the Academy: ``F F F to James Heckman for his development of theory and methods for analyzing selective samples and to Daniel McFadden for his development of theory and methods for analyzing discrete choice.'' Ã Ã Ã Ã Ã MicroeconometricsÐon the boundary between economics and statisticsÐis a methodology for studying micro data, i.e., economic information about large groups of individuals, households or ®rms. Greater availability of micro data and increasingly powerful computers have enabled empirical studies of many new issues. For example, what determines whether an individual decides to work and, if so, how many hours? How do economic incentives affect choices of education, occupation and place of residence? What are the effects of different educational programs on income and http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Scandinavian Journal of Economics Wiley

The Nobel Memorial Prize in Economics 2000

The Scandinavian Journal of Economics , Volume 103 (2) – Jun 1, 2001
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Publisher
Wiley
Copyright
The Editors of the Scandinavian Journal of Economics 2001
ISSN
0347-0520
eISSN
1467-9442
DOI
10.1111/1467-9442.00238
Publisher site
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Abstract

The Royal Swedish Academy of Sciences has decided to award the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, 2000, to James J. Heckman, University of Chicago, USA, and Daniel L. McFadden, University of California, Berkeley, USA. In the ®eld of microeconometrics, each of the laureates has developed theory and methods that are widely used in the statistical analysis of individual and household behavior, within economics as well as other social sciences. Citation of the Academy: ``F F F to James Heckman for his development of theory and methods for analyzing selective samples and to Daniel McFadden for his development of theory and methods for analyzing discrete choice.'' Ã Ã Ã Ã Ã MicroeconometricsÐon the boundary between economics and statisticsÐis a methodology for studying micro data, i.e., economic information about large groups of individuals, households or ®rms. Greater availability of micro data and increasingly powerful computers have enabled empirical studies of many new issues. For example, what determines whether an individual decides to work and, if so, how many hours? How do economic incentives affect choices of education, occupation and place of residence? What are the effects of different educational programs on income and

Journal

The Scandinavian Journal of Economics – Wiley

Published: Jun 1, 2001

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