- 2000 Nobel Prize in Economics
Intro
American economist, the Henry Schultz
Distinguished Service Professor, Professor of Economics and Professor of Law at the University of Chicago. In 2000, Heckman shared the Nobel Prize in Economics with Daniel McFadden, "for his development of theory and methods for analyzing selective samples".
Education and Work Experience
1971, Ph.D. in Economics, Princeton University
1997-Present, Professor of Economics, University of Chicago
2011-Present, Professor of Law, University of Chicago School of Law
2014-Present, Director of Center for the Economics of Human Development, University of Chicago
Honors and Awards
1980, Fellow of American Econometric Society
1985, Fellow of American Academy of Arts and Sciences
1992, Member of the United States National Academy of Sciences
2000, Nobel Prize in Economics
Major Academic Achievements
Developed methods for handling selective samples in a statistically satisfactory way. He also showed how similar methods can be used to evaluate the effect of public labor market programs and educational programs, and to estimate the effect of length of unemployment on the probability of getting a job.