Arbeitspapier
The generalized Roy model and the cost-benefit analysis of social programs
The literature on treatment effects focuses on gross benefits from program participation. We extend this literature by developing conditions under which it is possible to identify parameters measuring the cost and net surplus from program participation. Using the generalized Roy model, we nonparametrically identify the cost, benefit, and net surplus of selection into treatment without requiring the analyst to have direct information on the cost. We apply our methodology to estimate the gross benefit and net surplus of attending college.
- Language
-
Englisch
- Bibliographic citation
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Series: ZEW Discussion Papers ; No. 14-082
- Classification
-
Wirtschaft
Analysis of Education
Multiple or Simultaneous Equation Models: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
Multiple or Simultaneous Equation Models: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
- Subject
-
Cost-Benefit Analysis
Treatment Effects
Returns and Costs to Education
- Event
-
Geistige Schöpfung
- (who)
-
Eisenhauer, Philipp
Heckman, James J.
Vytlacil, Edward
- Event
-
Veröffentlichung
- (who)
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Zentrum für Europäische Wirtschaftsforschung (ZEW)
- (where)
-
Mannheim
- (when)
-
2014
- Handle
- URN
-
urn:nbn:de:bsz:180-madoc-372950
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Eisenhauer, Philipp
- Heckman, James J.
- Vytlacil, Edward
- Zentrum für Europäische Wirtschaftsforschung (ZEW)
Time of origin
- 2014
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