Nobel Laureate James Heckman (#802)
James Heckman, a Nobel Laureate and a professor of economics at the University of Chicago, discusses the economic gains to be realized by investing in early childhood education.
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James J. Heckman is the Henry Schultz Distinguished Service Professor of Economics at the University of Chicago, where he has served since 1973.
According to his University of Chicago biography, Heckman's most recent research focuses on inequality, human development, and life-cycle skill formation, with an emphasis on the economics of early childhood. He is also studying the emergence of the underclass in the United States and Western Europe.
Heckman shared the Nobel Prize in 2000 with Daniel L. McFadden of Berkeley. Heckman was honored for developing "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," according to the Nobel committee.
He earned his B.A. in mathematics from Colorado College in 1965 and his Ph.D. in economics from Princeton University in 1971.