| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w6426 |
| 来源ID | Working Paper 6426 |
| General Equilibrium Treatment Effects: A Study of Tuition Policy | |
| James J. Heckman; Lance Lochner; Christopher Taber | |
| 发表日期 | 1998-02-01 |
| 出版年 | 1998 |
| 语种 | 英语 |
| 摘要 | 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. |
| URL | https://www.nber.org/papers/w6426 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/563940 |
| 推荐引用方式 GB/T 7714 | James J. Heckman,Lance Lochner,Christopher Taber. General Equilibrium Treatment Effects: A Study of Tuition Policy. 1998. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w6426.pdf（535KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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