2018
Returns to Education: The Causal Effects of Education on Earnings, Health, and Smoking.
Heckman JJ, Humphries JE, Veramendi G. Returns to Education: The Causal Effects of Education on Earnings, Health, and Smoking. Journal Of Political Economy 2018, 126: s197-s246. PMID: 30344340, PMCID: PMC6190599, DOI: 10.1086/698760.Peer-Reviewed Original ResearchEducational choicesCausal effectDiscrete choice literatureDynamic treatment effectsSubstantial causal effectNon-cognitive skillsTreatment effects literatureChoice literatureAbility biasContinuation valueEffects literatureReturnEducational differentialsChoiceDynamic modelWise choiceEarningsDifferentialEducationLiteratureMiddle groundTreatment effectsHeterogeneityApproach
2016
Dynamic treatment effects
Heckman JJ, Humphries JE, Veramendi G. Dynamic treatment effects. Journal Of Econometrics 2016, 191: 276-292. PMID: 27041793, PMCID: PMC4815275, DOI: 10.1016/j.jeconom.2015.12.001.Peer-Reviewed Original ResearchDynamic discrete choice modelDiscrete choice modelsChoice modelContinuation valuePolicy-relevant parametersDynamic treatment effectsPolicy variablesDecision problemInstrumental variablesConditional independence assumptionTotal treatment effectTreatment effectsIndependence assumptionMultistage decision problemRobust modelVariablesDirect effectModelEstimatorAssumptionInstrumentNext stageFramework