Econometric causality

Arbeitspapier

This paper presents the econometric approach to causal modeling. It is motivated by policy problems. New causal parameters are defined and identified to address specific policy problems. Economists embrace a scientific approach to causality and model the preferences and choices of agents to infer subjective (agent) evaluations as well as objective outcomes. Anticipated and realized subjective and objective outcomes are distinguished. Models for simultaneous causality are developed. The paper contrasts the Neyman-Rubin model of causality with the econometric approach.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IZA Discussion Papers ; No. 3425

Classification and Topics

• Classification: Wirtschaft ; Economic Methodology
• Subject: Causality ; econometrics ; Roy model ; Neyman-Rubin model ; subjective and objective evaluations ; anticipated vs. realized outcomes ; counterfactuals ; treatment effects ; Kausalanalyse ; Ökonometrie ; Theorie

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Heckman, James Joseph
• Event: Veröffentlichung
• (who): Institute for the Study of Labor (IZA)
• (where): Bonn
• (when): 2008

Further information

• Handle: http://hdl.handle.net/10419/35102
• URN: urn:nbn:de:101:1-2008040906
• Last update: 10.03.2025, 11:45 AM CET