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Corporate Social Responsibility and Firm Risk: Theory and Empirical Evidence
Albuquerque, Rui; Durnev, Artyom; Koskinen, Yrjö - C.E.P.R. Discussion Papers - 2013
This paper presents an industry equilibrium model where firms can choose to engage in corporate social responsibility (CSR) activities. We model CSR activities as an investment in customer loyalty and show that CSR decreases systematic risk and increases firm value. These effects are stronger...
Persistent link: https://www.econbiz.de/10011083749
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The Effect of College Employment on Graduation: Evidence from France
Beffy, Magali; Fougère, Denis; Maurel, Arnaud - C.E.P.R. Discussion Papers - 2013
This paper investigates the effect of employment while in college on graduation, using data from the French Labour Force Surveys over the period 1992 to 2002. Using spatial variation in low-skill youth unemployment rates to circumvent the endogeneity of college employment decisions, we find a...
Persistent link: https://www.econbiz.de/10011083370
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The Choice of Honesty: An Experiment Regarding Heterogeneous Responses to Situational Social Norms
Gibson, Rajna; Tanner, Carmen; Wagner, Alexander F - C.E.P.R. Discussion Papers - 2014
We conduct a laboratory experiment in which we expose participants to situational social norms of approval or disapproval of lying. While participants on average conform to the situational pressure, the results highlight important differences in individual reactions. Situational norms crowd out...
Persistent link: https://www.econbiz.de/10011145452
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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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The Impact of Financial Education for Youth in Ghana
Berry, James; Karlan, Dean S.; Pradhan, Menno - C.E.P.R. Discussion Papers - 2015
offered financial education. Both programs included a voluntary after-school savings club that provided students with a locked …
Persistent link: https://www.econbiz.de/10011249377
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Is teenage motherhood contagious? Evidence from a Natural Experiment
Monstad, Karin; Propper, Carol; Salvanes, Kjell G - C.E.P.R. Discussion Papers - 2011
There is relatively little research on peer effects in teenage motherhood despite the fact that peer effects, and in particular social interaction within the family, is likely to be important. We estimate the impact of an elder sister’s teenage fertility on the teenage childbearing of their...
Persistent link: https://www.econbiz.de/10009209828
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Sports and Child Development
Felfe, Christina; Lechner, Michael; Steinmayr, Andreas - C.E.P.R. Discussion Papers - 2011
Despite the relevance of cognitive and non-cognitive skills for professional success, their formation is not yet fully understood. This study fills part of this gap by analyzing the role of sports club participation, one of the most popular extra-curricular activities, on children’s skill...
Persistent link: https://www.econbiz.de/10009246603
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Life Expectancy and Schooling: New Insights from Cross-Country Data
Hazan, Moshe - C.E.P.R. Discussion Papers - 2011
I argue that distinguishing between life expectancy at birth and life expectancy beyond the crucial early childhood years affects the relationship between life expectancy and schooling in a meaningful way. In particular, I show that while the change in life expectancy at birth between 1960 and...
Persistent link: https://www.econbiz.de/10009246607
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Skill-Biased Technological Change and the Business Cycle
Balleer, Almut; van Rens, Thijs - C.E.P.R. Discussion Papers - 2011
Over the past two decades, technological progress in the United States has been biased towards skilled labor. What does this imply for business cycles? We construct a quarterly skill premium from the CPS and use it to identify skill-biased technology shocks in a VAR with long-run restrictions....
Persistent link: https://www.econbiz.de/10009643505
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Gender Differences in Risk Aversion: Do Single-Sex Environments Affect their Development?
Booth, Alison L; Cardona Sosa, Lina; Nolen, Patrick - C.E.P.R. Discussion Papers - 2011
Single-sex classes within coeducational environments are likely to modify students' risk-taking attitudes in … economically important ways. To test this, we designed a controlled experiment using first year college students who made choices … over real-stakes lotteries at two distinct dates. Students were randomly assigned to classes of three types: all female …
Persistent link: https://www.econbiz.de/10009365004