Two University of Chicago economists were among the four named as Distinguished Fellows by the American Economic Association for 2017.
They are James J. Heckman, Henry Schultz Distinguished Service Professor in Economics, and Nancy Stokey, Frederick Henry Prince Distinguished Service Professor in Economics.
Heckman has made many methodological advances in econometrics, while his insights as a labor economist have illuminated models of lifecycle investment in health and human capital and altered our conceptions of important public policies such as the 1964 Civil Rights Act.
Stokey was recognized for having "made fundamental contributions in microeconomics, economic theory, finance, and in macroeconomics, with a particular focus on the impact of whether or not economic agents have commitment power.Both are members of the Institute Research Council, the Becker Friedman Institute's faculty advisory board.
Also named as AEA Distinguished Fellows were Charles Manski of Northwestern University, whose research spans econometrics, judgment and decision, and analysis of public policy, and labor economist Robert Pollak of Washington University St. Louis.