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Mozart or Pelé? The effects of teenagers’ participation in music and sports
Cabane, Charlotte; Hille, Adrian; Lechner, Michael - C.E.P.R. Discussion Papers - 2015
Using data from the German Socio-Economic Panel, this paper analyses the effects of spending part of adolescents’ leisure time on playing music or doing sports, or both. We find that while playing music fosters educational outcomes compared to doing sports, particularly so for girls and...
Persistent link: https://www.econbiz.de/10011272715
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Decentralizing Education Resources: School Grants in Senegal
Carneiro, Pedro; Koussihouèdé, Oswald; Lahire, Nathalie; … - C.E.P.R. Discussion Papers - 2015
The impact of school resources on the quality of education in developing countries may depend crucially on whether resources are targeted efficiently. In this paper we use a randomized experiment to analyze the impact of a school grants program in Senegal, which decentralized a portion of the...
Persistent link: https://www.econbiz.de/10011249370
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Maternal Education, Home Environments and the Development of Children and Adolescents
Carneiro, Pedro; Meghir, Costas; Parey, Matthias - C.E.P.R. Discussion Papers - 2007
We study the intergenerational effects of maternal education on children's cognitive achievement, behavioural problems, grade repetition and obesity. We address endogeneity of maternal schooling by instrumenting with variation in schooling costs when the mother grew up. Using matched data from...
Persistent link: https://www.econbiz.de/10005498098
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A flying start? Long term consequences of maternal time investments in children during their first year of life
Carneiro, Pedro; Løken, Katrine; Salvanes, Kjell G - C.E.P.R. Discussion Papers - 2010
We study the impact of increasing the time that the mother spends with her child in the first year of her life. In particular, we examine a reform that increased paid and unpaid maternity leave entitlements in Norway. In response to this reform, maternal leave increased on average by 4 months...
Persistent link: https://www.econbiz.de/10008784758
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Early Child Care and Child Development: For Whom it Works and Why
Felfe, Christina; Lalive, Rafael - C.E.P.R. Discussion Papers - 2013
Many countries are currently expanding access to child care for young children. But are all children equally likely to benefit from such expansions? We address this question by adopting a marginal treatment effects framework. We study the West German setting where high quality center-based care...
Persistent link: https://www.econbiz.de/10011084235
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Demand learning and firm dynamics: evidence from exporters
Berman, Nicolas; Rebeyrol, Vincent; Vicard, Vincent - C.E.P.R. Discussion Papers - 2015
This paper provides evidence that learning about demand is an important driver of firms' dynamics. We present a simple … model with Bayesian learning in which firms are uncertain about their idiosyncratic demand parameter in each of the markets … their beliefs following a new demand shock, the younger they are. To test this learning mechanism, we make use of a specific …
Persistent link: https://www.econbiz.de/10011213311
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On the Genesis of Multinational Foreign Affiliate Networks
Egger, Peter; Fahn, Matthias; Merlo, Valeria; Wamser, Georg - C.E.P.R. Discussion Papers - 2011
correlated learning may render it optimal to enter markets sequentially – an investment in market A is only followed by entry in …, we identify correlated learning across markets beyond alternative explanations as a key driver of gradualism in the …
Persistent link: https://www.econbiz.de/10009246612
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Learning From Stock Prices and Economic Growth
Peress, Joël - C.E.P.R. Discussion Papers - 2011
A competitive stock market is embedded into a neoclassical growth economy to analyze the interplay between the acquisition of information about firms, its partial revelation through stock prices, capital allocation and income. The stock market allows investors to share their costly private...
Persistent link: https://www.econbiz.de/10009293661
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Political Uncertainty and Risk Premia
Pástor, Luboš; Veronesi, Pietro - C.E.P.R. Discussion Papers - 2011
We study the pricing of political uncertainty in a general equilibrium model of government policy choice. We find that political uncertainty commands a risk premium whose magnitude is larger in poorer economic conditions. Political uncertainty reduces the value of the implicit put protection...
Persistent link: https://www.econbiz.de/10009320399
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Sequential Exporting
Albornoz-Crespo, Facundo; Calvo Pardo, Hector F.; … - C.E.P.R. Discussion Papers - 2010
Many new exporters give up exporting very shortly, despite substantial entry costs; others shoot up foreign sales and expand to new destinations. We develop a model based on experimentation to rationalize these and other dynamic patterns of exporting firms. We posit that individual export...
Persistent link: https://www.econbiz.de/10008692316