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The Determinants of Participation in a Social Program : Evidence from a Prototypical Job Training Program
Heckman, James J.; Smith, Jeffrey A. - 2021
This paper decomposes the participation process of a prototypical program into eligibility, awareness, application, acceptance and enrollment. With this decomposition, we determine the sources of unequal participation for different groups, and demonstrate that variables often have very different...
Persistent link: https://www.econbiz.de/10013230575
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Choosing Among Alternative Nonexperimental Methods for Estimating the Impact of Social Programs : the Case of Manpower Training
Heckman, James J. - 2021
The recent literature on evaluating manpower training programs demonstrates that alternative nonexperimental estimators of the same program produce a array of estimates of program impact. These findings have led to the call for experiments to be used to perform credible program evaluations....
Persistent link: https://www.econbiz.de/10013231187
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Labor Supply Estimates for Public Policy Evaluation
Borjas, George J.; Heckman, James J. - 2021
In recent years, the study of labor supply has occupied the attention of a large number of economists. With the growth in interest in the topic and with the inevitable diversity of economic models and statistical methods proposed by new entrants in the field, the literature has developed its own...
Persistent link: https://www.econbiz.de/10013231227
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Making the Most Out of Social Experiments : Reducing the Intrinsic Uncertainty in Evidence from Randomized Trials with an Application to the Jtpa Exp
Heckman, James J.; Smith, Jeffrey A. - 2022
This paper demonstrates that even under ideal conditions, social experiments in general only uniquely determine the mean impacts of programs but not the median or the distribution of program impacts. The conventional common parameter evaluation model widely used in econometrics is one case where...
Persistent link: https://www.econbiz.de/10013313271
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Time Consistency of Fiscal and Monetary Policy : A Solution
Persson, Mats; Persson, Torsten; Svensson, Lars E. O. - 2021
This paper demonstrates how time consistency of the Ramsey policy - the optimal fiscal and monetary policy under commitment - can be achieved. Each government should leave its successor with a unique maturity structure for the nominal and indexed debt, such that the marginal benefit of a...
Persistent link: https://www.econbiz.de/10013232768
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Evaluating Monetary Policy
Svensson, Lars E. O. - 2010
order to stabilize the real economy. A modified Taylor curve, the forecast Taylor curve, showing the tradeoff between the … achieved an efficient stabilization of both inflation and the real economy and what relative weight on the stability of … inflation and the real economy has effectively been applied. Ex ante evaluation may be more relevant than evaluation ex post …
Persistent link: https://www.econbiz.de/10013150832
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Law and Employment : Lessons from Latin America and the Caribbean
Heckman, James J.; Pages, Carmen - 2021
This paper summarizes the main lessons learned from Law and Employment: Lessons from Latin America and the Caribbean, a forthcoming NBER book. It places Latin American economies and economic policies in a world context. The paper quantifies the cost of regulation in Latin America and OECD Europe...
Persistent link: https://www.econbiz.de/10013243460
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What Do Bureaucrats Do? The Effects of Performance Standards and Bureaucratic Preferences on Acceptance into the Jtpa Program
Heckman, James J.; Smith, Jeffrey A.; Taber, Christopher - 2021
Bureaucratic performance standards are featured in many proposals to increase efficiency in government. These standards reward bureaucrats on the basis of measured outcomes. The performance standards system created under the Job Training Partnership Act (JTPA) of 1982 is often cited as a...
Persistent link: https://www.econbiz.de/10013246995
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Flexibility and Job Creation : Lessons for Germany
Heckman, James J. - 2021
This paper examines the performance of the German economy and the role of the regulation and welfare state policies in … affecting its performance. While the German economy is still strong, incentives in place are likely to impair future German …
Persistent link: https://www.econbiz.de/10013216096
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Early Childhood Education
Elango, Sneha - 2015
This paper organizes and synthesizes the literature on early childhood education and childcare. In it, we go beyond meta-analysis and reanalyze primary data sources in a common framework. We consider the evidence from means-tested demonstration programs, large-scale means-tested programs and...
Persistent link: https://www.econbiz.de/10013011084