James Heckman, Nobel Laureate, Henry Schultz Distinguished Service Professor of Economics at The University of Chicago and Distinguished Professor of Microeconometrics at UCL, presented a paper on хducation Policy' as one of four Institute for Fiscal Studies Lunchtime Policy Sessions, which took place in August 2005 as part of the World Congress of the Econometric Society. This session discussed new developments in the economics of education and their implications for education policy.