Philipp Eisenhauer

I am an economist studying the economics and econometrics of human capital investments. My current research focuses on the effect of ambiguity on human capital investments in dynamic life-cycle models. I hope to gain a better understanding of the observed investment patterns and the effectiveness of human capital policies.

Please see my curriculum vitae for more details.

Publications

Eisenhauer, P., Heckman, J. J., & Vytlacil, E. (2015). The generalized Roy model and the cost-benefit analysis of social programs. Journal of Political Economy, 123(2), 413-443.

Eisenhauer, P., Heckman, J. J., & Mosso, S. (2015). Estimation of dynamic discrete choice models by maximum likelihood and the simulated method of moments. International Economic Review, 56(2), 331-357.

Eisenhauer, P. (2019). The approximate solution of finite-horizon discrete choice dynamic programming models: Revisiting Keane & Wolpin (1994). Journal of Applied Econometrics, 34(1), 149-154.

Working Papers

Eisenhauer, P. (2018). Robust human capital investment under risk and ambiguity. Revise and resubmit at the Journal of Econometrics.

Research in Progress

Bhuller, M., & Eisenhauer, P. (2018). The option value of human capital investment. Unpublished manuscript.

Eisenhauer, P. (2018). The robust career decisions of young men. Unpublished manuscript.

Eisenhauer, P., & Scheidegger, S. (2018). The risk of human capital investments. Unpublished manuscript.

Teaching

I organize my teaching efforts around the Analysis of Human Capital, Open Source Economics, and Software Engineering for Economists Initiatives.

Research Software

respy, an open-source package for the simulation and estimation of a canonical model of human capital investment.

grmpy, an open-source package for the simulation and estimation of the generalized Roy model.