CLARIFYING THE NATURE OF THE HECKMAN CURVE

In response to our paper, we understand that James Heckman communicated to the journal Editors states that the Heckman Curve does not describe how the average return on investment of programs differs by the age of recipients. This clarification is useful as many people in the policy community have u...

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Bibliographic Details
Published in:Journal of economic surveys 2021-09, Vol.35 (4), p.1257-1258
Main Authors: Rea, David, Burton, Tony
Format: Article
Language:English
Subjects:
Age differences
Benefit cost analysis
Heckman Curve
Internal rate of return
Program evaluation
Return on investment
Skill formation
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Summary:In response to our paper, we understand that James Heckman communicated to the journal Editors states that the Heckman Curve does not describe how the average return on investment of programs differs by the age of recipients. This clarification is useful as many people in the policy community have understood the Heckman Curve in this manner.
ISSN:0950-0804
1467-6419
DOI:10.1111/joes.12359