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James J. Heckman and Daniel L. McFadden Won Nobel Prize in Economics - 2000 | NBER
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</div> </form> </div> </div> </div> </div> </div> </header> <main> <a id="main-content" tabindex="-1"></a> <div id="block-nber-breadcrumbs"> <nav class="breadcrumbs" aria-label="You are here:"> <ul class="breadcrumbs__list "> <li class="breadcrumbs__item"> <a href="/" class="breadcrumbs__link">Home</a> </li> <li class="breadcrumbs__item"> <a href="/nber-news" class="breadcrumbs__link">NBER News</a> </li> <li class="breadcrumbs__item"> James J. Heckman and Daniel L. McFadden… </li> </ul> </nav> </div> <div class="page-header page-header--book-style"> <div class="page-header__title-page"> <h1 class="page-header__title"> <span property="schema:name">James J. Heckman and Daniel L. McFadden Won Nobel Prize in Economics - 2000</span> </h1> <div class="page-header__authors js-expandable-list"> </div> <div class="page-header__share"> <div class="share"> <span class="share__label">Share</span> <div class="share__buttons addthis_toolbox addthis_default_style"> <a class="share__btn addthis_button_twitter" title="Twitter" href="#share_twitter"> <span class="share__btn-text">X</span><span class="share__btn-icon"> <svg aria-hidden="true" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" width="24" height="19" viewBox="0 0 24 19"> <g transform="scale(0.075,0.075) translate(10,0)"> <path d="m236 0h46l-101 115 118 156h-92.6l-72.5-94.8-83 94.8h-46l107-123-113-148h94.9l65.5 86.6zm-16.1 244h25.5l-165-218h-27.4z"/> </g> </svg> </span> </a> <a class="share__btn addthis_button_linkedin" target="_blank" title="LinkedIn" href="#share_linkedin"> <span class="share__btn-text">LinkedIn</span><span class="share__btn-icon"> <svg aria-hidden="true" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" width="24" height="23" viewBox="0 0 24 23"> <g transform="translate(-1101 -3501)"> <path d="M1113.97 3510.57c2.1-3.76 11.03-4.04 11.03 3.6v9.83h-5v-8.15c0-4.9-6.03-4.53-6.03 0v8.15H1109v-15.52h4.97zM1106 3524h-5v-16h5zm0-20.5a2.5 2.5 0 1 1-5 0 2.5 2.5 0 0 1 5 0z"></path> </g> </svg> </span></a> <a class="share__btn" target="_blank" title="Email" href="mailto:?subject=James J. Heckman and Daniel L. McFadden Won Nobel Prize in Economics - 2000&body=https://www.nber.org/news/james-j-heckman-and-daniel-l-mcfadden-won-nobel-prize-economics-2000"> <span class="share__btn-text">Email</span><span class="share__btn-icon"> <svg aria-hidden="true" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" width="24" height="24" viewBox="0 0 24 24"> <g> <path d="M20,4 L4,4 C2.9,4 2.01,4.9 2.01,6 L2,18 C2,19.1 2.9,20 4,20 L20,20 C21.1,20 22,19.1 22,18 L22,6 C22,4.9 21.1,4 20,4 L20,4 Z M20,8 L12,13 L4,8 L4,6 L12,11 L20,6 L20,8 L20,8 Z"></path> </g> </svg> </span></a> </div> </div> <div class="page-header__citation-info"> <time datetime="2000-10-11T12:00:00Z">October 11, 2000</time> </div> </div> </div> <div class="page-header__intro"><div data-embed-button="media" data-entity-embed-display="view_mode:media.link_to_file" data-entity-embed-display-settings="[]" data-entity-type="media" data-entity-uuid="e7a2109f-52f7-4d56-bd93-d5bc0c0f8ed9" data-langcode="en" class="align-center embedded-entity"> <img loading="lazy" src="/sites/default/files/2020-10/2000%20Nbel.jpg" width="624" height="262" alt="2000 Nobel" typeof="foaf:Image"> </div> <p>NBER Research Associates <a href="/people/james_heckman">James J. Heckman</a> of the University of Chicago and <a href="/people/daniel_mcfadden">Daniel L. McFadden</a> of the University of California, Berkeley, won the 2000 Nobel Prize in Economics.<br> <br> Heckman, was awarded the prize for his pioneering work in accounting for unknown factors affecting statistical samples. Much of his work has been applied to understanding how early life events contribute to individuals' later earnings potential and economic status.<br> <br> McFadden, was cited for his work on a new theory of "discrete choice" -- a way to measure how an individual's decisions about occupation or housing, for instance, reflect choices among a limited number of alternatives.</p> </div> </div> <div class="subfooter"> <div id="block-morefromnber"> <section class="promo-grid promo-grid--3-up"> <h2 class="promo-grid__title">More from NBER</h2> <div class="promo-grid__summary"><p>In addition to <a data-entity-substitution="canonical" data-entity-type="node" data-entity-uuid="aa95bd64-19e7-474c-97b9-3653432c0fec" href="/papers" title="Working Papers">working papers</a>, the NBER disseminates affiliates’ latest findings through a range of free periodicals — the <a href="https://www.nber.org/reporter">NBER Reporter</a>, the <a href="https://www.nber.org/digest">NBER Digest</a>, the <a href="https://www.nber.org/bulletin-retirement-and-disability">Bulletin on Retirement and Disability</a>, the <a href="https://www.nber.org/bulletin-health">Bulletin on Health</a>, and the <a href="https://www.nber.org/bulletin-entrepreneurship ">Bulletin on Entrepreneurship</a> — as well as online <a data-entity-substitution="canonical" data-entity-type="node" data-entity-uuid="97188331-2773-4610-bb94-690917cfc0f3" href="/conferences" title="Conferences">conference reports</a>, <a data-entity-substitution="canonical" data-entity-type="node" data-entity-uuid="0ec23aba-ec14-4ae8-a2da-248c61d30874" href="/research/lectures" title="Lectures">video lectures</a>, and <a data-entity-substitution="canonical" data-entity-type="node" data-entity-uuid="e248b7d8-f0f3-4fb0-a384-24620b4eeaab" href="/research-spotlights" title="Research Spotlights">interviews</a>.</p> </div> <div class="promo-grid__promos"> <div class="today-promo js-clickable-card is-clickable today_promo_video" data-href="/research/videos/2024-16th-annual-feldstein-lecture-cecilia-e-rouse-lessons-economists-pandemic"> <div class="today-highlight-image "> <img loading="lazy" src="/sites/default/files/styles/promo/public/2024-07/SI%202024%20Martin%20Feldstein.png?itok=iMIwiSar" width="800" height="450" alt="2024, 16th Annual Feldstein Lecture, Cecilia E. 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