The Generalized Roy Model and the Cost-Benefit Analysis of Social Programs
2012/05/22
研討會日期 : 2012-05-22
時間 : 14:30
主講人 : Professor Edward J. Vytlacil
地點 : Conference Room B110
演講者簡介 : Edward J. Vytlacil received his Ph.D. in Economics from University of Chicago in 2000. He is currently serving as Professor of Economics at Yale University and fellow of the Econometric Society. His research field is in microeconometrics, applied econometrics, and labor economics.
演講摘要 : This paper extends the analysis of marginal treatment effects by Heckman and Vytlacil (1999, 2005) to identify parameters measuring the costs and net gains in addition to gross benefits arising from participation in a program within the context of a generalized Roy model. We nonparametrically identify the cost, benefit, and net surplus of selection into treatment, without requiring the analyst to have any direct information on the cost of the treatment. We apply our methodology to study selection into college, and find evidence of substantial heterogeneity in subjective costs of college attendance as perceived by agents.
