In 1988, Arthur Goldberger was honored as a Distinguished Fellow of the American Economic Association. The citation notes that "his early applications and analysis of empirical models brought understanding to a whole generation of econometricians." Goldberger's later work on models with measurement error and latent variables led him into other fields, where he has had a profound influence: "His methodological and substantive findings, also in the area of behavioral genetics, stand as everlasting contributions of one who has successfully bridged the many gaps that separate the social disciplines." This paper reviews one major element of Goldberger's work—the role of latent variables in econometrics.
"Distinguished Fellow: Arthur S. Goldberger and Latent Variables in Econometrics."
Journal of Economic Perspectives,