Joshua Angrist

Quick Facts

Full Name	Joshua Angrist
Date Of Birth	Sep 18, 1960(1960-09-18)
Age	64
Birthplace	Columbus
Country	United States
Birth City	Ohio
Horoscope	Virgo

Joshua Angrist Biography

Joshua Angrist is one of the most popular and richest Economist who was born on September 18, 1960 in Columbus, Ohio, United States. Another aspect of his research in the area of education’s economics examines the effects of various elements and rules on learning. For example, in his further research together with Lavy, Angrist exploited Maimonides Rule, which limits classes to 40 students in order to examine the effect upon class sizes on academic performance in Israeli schools. They found that reductions in class size significantly improves test scores for 5th and 4th graders, however not the third graders. Further research conducted at Israeli institutions, they discovered that teacher education can cost-effectively increase students’ scores on tests (at the very least, in schools that are secular) and that computer-aided learning doesn’t , and that cash-based incentives helped improve the performance of high school girls (by encouraging them to spend more the time spent on preparation for exams) however, they weren’t effective for boys. In a similar study conducted by Angrist, Philip Oreopoulos and Daniel Lang comparing the impact of academic assistance services as well as financial incentives, as well as a combination between both Canadian college students in their first year and their parents, the combination treatment increased the academic performance of women during both their primary and secondary year however it did not have any effect on males. The study on vouchers for private school tuition in Colombia along with Eric Bettinger, Erik Bloom, Elizabeth King and Michael Kremer, Angrist found voucher recipients were 10 percent more likely to complete Lower Secondary School, and 5-7 points more likely to complete high school, and be 0.2 standard deviations more on tests, indicating that the advantages of vouchers may have outweighed the $24 price. Another area of study for Angrist is peer effects in the field of education and have been e.g. studied in conjunction with Kevin Lang in the context of METCO’s school integrations , or together with Atila Abdulkadiroglu as well as Parag Pathak in Boston’s as well as New York City’s highly- subscribed exam schools, but the results observed are relatively brief and insignificant in both instances. Concerning the impact of testing for teachers that Angrist has examined in conjunction with Jonathan Guryan in the U.S. In his research, he has discovered that testing for state mandates increases teachers’ salaries but does not improve their performance, however it lowers diversity among teachers because it decreases the percentage of new teachers that are Hispanic. Working together with Lavy as well as Analia Schlosser Angrist is also examining Becker’s theory of the need to balance child quality and quantity, by leveraging the variation in twin births and parents’ preferences regarding the composition of siblings with mixed genders as well as evidence that disproves the idea.

Apart from his research on empirical issues, Angrist has also made important contributions to the field of econometrics, particularly in the area of estimations of instrumental variables. In one instance Angrist invented a 2SLS (2SLS) equivalent to the effective Wald estimator. Alongside Guido Imbens, he developed the notion of local treatment effects, and demonstrated how to detect and determine them, and also how 2SLS can be used to calculate the average causal impact of different treatments. In further collaboration in collaboration with Imbens as well as Donald Rubin, Angrist then demonstrated how instrumental variables could be integrated into Rubin’s causal model. Rubin causal model to detect causal interactions between variables. Angrist further developed together with Imbens and Krueger what are known as “jackknife instrumental variables estimators” to counter the biases in 2SLS estimates of models that are over-identified and has investigated the meaning estimation of IV estimates in models with simultaneous equations With Imbens as well as Kathryn Graddy. In addition, along with Imbens as well as Alberto Abadie, he has examined the effects of subsidised training in the context of the Job Training Partnership Act of 1982 on the quantiles of earnings for trainees and found significant impact of JTPA on female workers with low wages however significant effects on males just for those in the top half of men’s earnings in the male trainers’ distribution. Concerning the limitations of dependent variables that have endogenous binary regressors Angrist advocates making use of 2SLS, multiplicative model for conditionsal means linear approximation of the non-linear causal models and models that account for distribution effects and quantile regression, using an endogenous binary regression. Angrist has also investigated the connection with local treatment effect as well as population effects on treatment, i.e., the external reliability estimations of IV. In addition, alongside Victor Chernozhukov and Ivan Fernandez-Val, Angrist has also explored quantile regressions, proving that they reduce a proportional MSE loss function to reduce specification errors.

Since the late 2000s, Angrist has conducted extensive research on charter schools in the U.S. with Pathak, Abdulkadiroglu, Susan Dynarski, Thomas Kane, and Christopher Walters. For instance, studying the KIPP Lynn Academy, they estimate that KIPP Lynn attendance increased students’ math scores by 0.35 SD and their English scores by 0.12 SD, with most of the gains accruing to students with limited English proficiency or special education needs or those who scored low at baseline. Beyond KIPP Lynn, they find attendance to Boston charter schools to generally increase test scores for middle and high school students, especially for schools with binding assignment lotteries, whereas pilot schools (public schools covered by some collective bargaining provisions and more independence concerning educational policies) generally have at best statistically insignificant or small effects on students’ test scores. Further research has attributed the relative efficacy of urban charter schools to these schools’ embrace of the No Excuses approach to urban education which emphasizes student discipline and behaviour, traditional reading and math skills, instruction time, and selective teacher hiring.

Angrist is a Research Fellow at the Institute for the Study of Labor (IZA). He is also a fellow of the Econometric Society. He was elected a Fellow of the American Academy of Arts and Sciences in 2006. In 2007 Angrist received an honorary doctorate in Economics from the University of St. Gallen. He is the recipient of the 2011 John von Neumann Award given annually by the Rajk László College for Advanced Studies in Budapest.

The majority of her research has been focused upon the economics behind education. It all started with the benefits of education. In one of his early studies, Angrist and Krueger exploited the connection between children’s seasons of birth and academic achievement that was because of laws and policies in the setting of ages for school starting and compulsory schooling. They found that the returns to education are similar to their OLS estimates, and the compulsory attendance laws entail around 10 percent of students to remain at school, whereas they could have left if they had not. Another attempt to use IV to determine the return to schooling of Angrist as well as Krueger was to take advantage of the draft lottery of Vietnam. While their subsequent studies on IVs split by sample confirmed results of their compulsory schooling research, it was not able to confirm the school-related returns estimates that were derived from the draft lottery research. Angrist additionally used the variation of U.S. compulsory schooling laws as part of their study together with Daron Acemoglu to calculate the human capital externalities that they discovered to be around one percent and statistically significant. Angrist also has studied the drastic decrease in educational returns for students across regions like West Bank and Gaza Strip during the 1980s. Along with Lavy, Angrist has also studied the return to education in Morocco using a shift in the school’s language to French and Arabic to discover that the policies drastically decreased Moroccan youngsters’ return to school, reducing their French writing abilities.

Joshua Angrist Net Worth

Joshua Angrist is one of the richest Economist from United States. According to our analysis, Wikipedia, Forbes & Business Insider, Joshua Angrist 's net worth $5 Million. (Last Update: December 11, 2023)

Joshua David Angrist (born in Columbus, Ohio on September 18th 1960) is an Israeli American economist and Ford Professor of Economics at the Massachusetts Institute of Technology. He is as one of the top economists in the world in urban economics, and educational economics, and is well-known for his use of quasi-experimental research models (such in instrumental variables) to investigate the consequences of public policies as well as changes in social or economic conditions. He is the co-founder and director of University of Massachusetts’ School Effectiveness & Inequality Initiative that studies the connection with human capital as well as income inequalities across the U.S.

Like his work in the field of economics and education Angrist’s work on the economics of labour frequently focuses on the power of quasi-natural experiments to determine causal relations. In a paper derived from his dissertation Angrist e.g. uses the lottery for military drafts in the Vietnam War to conclude that the war in Vietnam decreased veterans’ lifetime earnings by around 15% compared to the earnings of non-veterans. When taking into consideration the benefits for veterans, which subsidized the cost of education as well as training (e.g. by the G.I. Bill) by the G.I. Bill). He finds that these benefits increased the amount of education through The U.S. by ca. 1.4 years, and the earnings of veterans by 6percent. In addition, he has been exploiting the peculiarities that accompany U.S. military recruitment, Angrist examines the labour market effect of voluntary military service during the 1980s. She estimates that those who served in the 1980s earned significantly higher than civilians comparable to them while serving, and also had significantly higher rates of employment thereafter however, it increased the average annual income of civilians only modestly, and, for whites, decreased their earnings by. Alongside Krueger, Angrist also investigated together with Krueger the extent to which U.S. World War II veterans were paid more than non-veterans and found that they made at least equal amounts to comparable non-veterans. Angrist and Krueger later on summarized their work on causality in labour economics in a chapter of the Handbook of Labor Economics, with special emphasis on controls for confounding variables, fixed effects models and difference-in-differences, instrumental variables estimation and regression discontinuity designs. In a separate study relating to U.S. military, Angrist and John H. Johnson IV utilize an analysis of Gulf War to estimate the consequences of separations due to work on families of military personnel, revealing huge differences in the effect of female and male soldiers and their deployment on divorce rates as well as the labour supply of spouses. Through collaboration in collaboration with William Evans, Angrist exploited families’ preference to have siblings of mixed sex in order to assess the effect of children’s presence on parental labour supply noting that family size did not impact the supply of labour for husbands and women’s impact was overestimated by OLS. Through further research with Evans He also analyzed the effect of the state’s abortion reforms on education and the outcomes of labour market and concluded that they decreased fertility among teens of African descent and increasing the rates of black women’s high school graduation and college attendance as well as employment. In a different study conducted in collaboration with Acemoglu, Angrist has also examined the effects from the Americans with Disabilities Act of 1990 (ADA) and found that there was a significant drop in the number of jobs of disabled persons (PwDs) within a short time after its creation, suggesting that ADA is likely to have harmed PwDs and their outcomes on the labour market. Angrist also examined how marriages are conducted in the U.S. marriage market, concluding – through exploiting the concept of endogamy in marriages that high ratios of males to females increase the probability of female marriage , and also decreased the number of people who are employed. Along with Adriana Kugler Angrist discovered that the institutions in place to limit flexibilities in the market for workers cause loss of jobs due to migration, specifically in regards to the limited product markets. Angrist as well as Kugler have also studied the link between the price of coca and civil conflicts in Colombia and found that the economic opportunities provided by coca cultivation fuelled the conflict, with the cultivated rural areas seeing a significant increase in violence.

Born in Columbus, Ohio and raised in Pittsburgh, Pennsylvania, Angrist attended Oberlin College, where he received his B.A. in economics in 1982. He lived in Israel from 1982 until 1985. Angrist received a M.A. and a Ph.D. in economics from Princeton University in, respectively, 1987 and 1989. His doctoral dissertation, Econometric Analysis of the Vietnam Era Draft Lottery, was supervised by Orley Ashenfelter and later published in parts in the American Economic Review. After completing his Ph.D., Angrist joined Harvard University as an assistant professor until 1991, when he returned to Israel as a senior lecturer at the Hebrew University. After being promoted to associate professor at Hebrew University, he joined MIT’s Economics Department in 1996 as associate professor, before being raised to full professor in 1998. Since 2008, he has been MIT’s Ford Professor of Economics and teaches econometrics and labour economics to its students. Angrist is affiliated with the National Bureau of Economic Research, the IZA Institute of Labor Economics, the American Economic Association, American Statistical Association, Econometric Society, Population Association of America and the Society of Labor Economists. In terms of professional service, he has performed editorial duties at the journals Econometrica, American Economic Review, American Economic Journal: Applied Economics, Journal of Business and Economic Statistics, Economics Letters, Labour Economics and the Journal of Labor Economics.

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Facts & Trivia

Joshua Ranked on the list of most popular Economist. Also ranked in the elit list of famous people born in United States. Joshua Angrist celebrates birthday on September 18 of every year.