Schennach honored with Frisch Medal

Susanne Schennach, professor of economics, has been awarded the 2014 Frisch Medal of the Econometric Society for a paper she co-authored titled “Estimating the Technology of Cognitive and Noncognitive Skill Formation,” published in the May 2010 edition of Econometrica. Schennach co-authored the paper with Flavio Cunha, assistant professor of economics at the University of Pennsylvania, and James Heckman, professor of economics at the University of Chicago. The Frisch Medal has been established by the Econometric Society to encourage the creation of applied work and its submission to Econometrica. It is given every two years for an applied article (empirical or theoretical) published in Econometrica during the previous five years. According to the selection committee, the article by Schennach and her co-authors “provides a comprehensive framework for analyzing the evolution of cognitive skills and personality traits across the different stages of childhood. ... It is a powerful demonstration of the value of formal methods in elucidating policy questions of the highest importance.”