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Cited by 291Advanced Causal Inference TechniquesSchool Choice and PerformanceEvaluation and Performance Assessment

The DOI matches its Crossref record.

General Equilibrium Treatment Effects: A Study of Tuition Policy

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Heckman, James, Lochner, Lance, Taber, Christopher·1998·National Bureau of Economic Research
DOI 10.3386/w6426
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Abstract

This paper defines and estimates general equilibrium treatment effects. The conventional approach in the literature on treatment effects ignores interactions among individuals induced by the policy interventions being studied. Focusing on the impact of tuition policy, and using estimates from our dynamic overlapping generations general equilibrium model of capital and human capital formation, we find that general equilibrium impacts of tuition on college enrollment are an order of magnitude smaller than those reported in the literature on microeconomic treatment effects. The assumptions used to justify the LATE parameter in a partial equilibrium setting do not hold in a general equilibrium setting. Policy changes induce two way flows. We extend the LATE concept to a general equilibrium setting. We present a more comprehensive evaluation to program evaluation by considering both the tax and benefit consequences of the program being evaluated and placing the analysis in a market setting.

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Metadata

Authors
Heckman, J., Lochner, L., & Taber, C.
Affiliations
  • University of Chicago (US)
  • Western University (CA)
  • National Bureau of Economic Research (US)
ORCID
Venue
National Bureau of Economic Research
Publisher
National Bureau of Economic Research
Published
1998-02
Volume
88
Issue
2
Pages
381-386
DOI
10.3386/w6426
OpenAlex
W2012221530
Cited by
289
References
0
Citations by year
2026: 1 · 2025: 3 · 2024: 3 · 2023: 6 · 2022: 4 · 2021: 7 · 2020: 4 · 2019: 6 · 2018: 4 · 2017: 7 · 2016: 11 · 2015: 10 · 2014: 14 · 2013: 14 · 2012: 13
Type
report
Language
en
Open access
Locations
  • National Bureau of Economic Research (publishedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
  • American Economic Review (submittedVersion)
Topics
  • Physical Sciences › Mathematics › Statistics and Probability › Advanced Causal Inference Techniques
  • Social Sciences › Education › School Choice and Performance
  • Social Sciences › Public Administration › Evaluation and Performance Assessment
Keywords
tuition policy, college enrollment, local average treatment effect, overlapping generations model, human capital accumulation, capital formation, program evaluation

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