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General Equilibrium Treatment Effects: A Study of Tuition Policy
Open accessAbstract
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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“And the system can respond in ways that undo intervention effects, if, for example, a teacher raises the curve in response to improved grades”
From The Psychology of Change: Self-Affirmation and Social Psychological Intervention (2014) · cites this paper as Heckman et al. 1998
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The Economics and Econometrics of Active Labor Market Programs
Heckman, J. J., Lalonde, R. J., & Smith, J. A. (1999) · Handbook of labour economics · doi:10.1016/s1573-4463(99)03012-6 · Cited by 3,027
Self-citationStructural Equations, Treatment Effects, and Econometric Policy Evaluation1
Heckman, J. J., & Vytlacil, E. (2005) · Econometrica · doi:10.1111/j.1468-0262.2005.00594.x · Cited by 1,220
Self-citationThe Productivity Argument for Investing in Young Children
Heckman, J. J., & Masterov, D. V. (2007) · Review of Agricultural Economics · doi:10.1111/j.1467-9353.2007.00359.x · Cited by 1,217
Self-citationUsing Randomization in Development Economics Research: A Toolkit
Duflo, E., Glennerster, R., & Kremer, M. R. (2006) · National Bureau of Economic Research · doi:10.3386/t0333 · Cited by 1,208
The Psychology of Change: Self-Affirmation and Social Psychological Intervention
Cohen, G. L., & Sherman, D. K. (2014) · Annual Review of Psychology · doi:10.1146/annurev-psych-010213-115137 · Cited by 1,302
Metadata
- Authors
- Heckman, J., Lochner, L., & Taber, C.
- Affiliations
- University of Chicago (US)
- Western University (CA)
- National Bureau of Economic Research (US)
- Venue
- National Bureau of Economic Research
- Publisher
- National Bureau of Economic Research
- Published
- 1998-02
- Volume
- 88
- Issue
- 2
- Pages
- 381-386
- 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
- green
- doi.org
- 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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