Nobel Memorial Prize in Economics for the year 2000
Year: 2001 Volume: 51 Issue: 5 Pages: 309-311
Abstract: The article summarizes the recent seminar of the Czech Economic Association devoted to the Nobel Prize laureates in economics for 2000, James J. Heckman and Daniel L. McFadden. A paper presented by M. Zajícek concentrated mainly on the work of Mr. McFadden. Economic problems, especially those related to the self-selection bias and its role in appraising the outcome of social programs, are considered.
JEL classification: C19
Keywords: microeconometrics; Nobel Prize
RePEc: n/a
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