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Title: The Generalized Roy Model and the Cost-Benefit Analysis of Social Programs
Resulting in 1 citation.
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Eisenhauer, Philipp Heckman, James J. Vytlacil, Edward |
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The Generalized Roy Model and the Cost-Benefit Analysis of Social Programs Journal of Political Economy 123,2 (April 2015): 413-443. Also: http://www.jstor.org/stable/10.1086/679509 Cohort(s): NLSY79 Publisher: University of Chicago Press Keyword(s): College Education; Educational Returns; Heterogeneity; Modeling 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 costs. We apply our methodology to estimate the gross benefit and net surplus of attending college. |
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Bibliography Citation
Eisenhauer, Philipp, James J. Heckman and Edward Vytlacil. "The Generalized Roy Model and the Cost-Benefit Analysis of Social Programs." Journal of Political Economy 123,2 (April 2015): 413-443.
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