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Tuesday, July 29, 2014

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Graduate alumnus wins Nobel Prize in economics

James J. Heckman, who received his Ph.D. from Princeton in 1971, has won the Nobel Prize in economics. Heckman is now the Henry Schultz Distinguished Professor of Economics at the University of Chicago, where he has served since 1973.

Heckman was honored along with Daniel L. McFadden of the University of California at Berkeley for his work in developing "theory and methods that are widely used in the empirical analysis of individual and household behavior, within economics as well as other social sciences," said the Royal Swedish Academy of Sciences, which awards the Nobel Prize.

His research evaluates the impact of a variety of social programs on the economy and on society at large. He has written on the impact of civil rights and affirmative action programs, taxes, unionism and other issues.

At Princeton, Heckman was involved in the industrial relations section of the economics department.

Contact: Justin Harmon (609) 258-3601

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