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James Heckman
Summary
James Joseph Heckman (born April 19, 1944) is a Nobel Memorial in Economic Sciences Prize-winning American economist at the University of Chicago, where he is The Henry Schultz Distinguished Service Professor in Economics and the College; Professor at the Harris School of Public Policy; Director of the Center for the Economics of Human Development (CEHD); and Co-Director of Human Capital and Economic Opportunity (HCEO) Global Working Group. He is also Professor of Law at the Law School, a senior research fellow at the American Bar Foundation, and a research associate at the National Bureau of Economic Research.
In 2000, Heckman shared the Nobel Memorial Prize in Economic Sciences with Daniel McFadden, for his pioneering work in econometrics and microeconomics. He is noted for his contributions to selection bias and self-selection in quantitative analysis in the social sciences, especially the Heckman correction, which earned him the Nobel Prize in Economics. He is also well known for his empirical research in labor economics and his scholarship on the efficacy of early childhood education programs. As of December 2022, according to RePEc, he is the second-most influential economist in the world.
Heckman was born to John Jacob Heckman and Bernice Irene Medley in Chicago, Illinois. He received his B.A. in mathematics from Colorado College in 1965 and his Ph.D. in economics from Princeton University in 1971 after completing a doctoral dissertation titled "Three essays on the supply of labor and the demand for goods" under the supervision of Stanley W. Black.
He served as an assistant professor at Columbia University before he moved to the University of Chicago, in 1973. He has been a dissertation advisor for over 70 students, including Carolyn Heinrich, George Borjas, Stephen Cameron, Mark Rosenzweig, and Russ Roberts.
In addition to serving as the Henry Schultz Distinguished Service Professor and director of the Economics Research Center in the department of economics, Heckman is also a professor of law at the Law School and a professor at the Harris School of Public Policy, where he is director of both the Center for Social Program Evaluation and Center for the Study of Childhood Development.
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