The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2000
James J. Heckman, Daniel L. McFadden
James J. Heckman
Born: 19 April 1944, Chicago, IL, USA
Affiliation at the time of the award: University of Chicago, Chicago, IL, USA
Prize motivation: "for his development of theory and methods for analyzing selective samples"
Contribution: 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.