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Evidence is presented on whether the willingness to borrow for education varies significantly among some at-risk students: low SES levels, First Nations, and first generation students. 1248 students participated in a survey, a numeracy assessment and took part in experimental decisions. During...
Persistent link: https://www.econbiz.de/10009358691
risk, are key to understanding the determinants of educational investment for the low-income individuals in this experiment …
Persistent link: https://www.econbiz.de/10008560179
We explore the predictive capacity of short-horizon time preference decisions for long-horizon investment decisions. We use experimental evidence from a sample of Canadian working poor. Each subject made a set of decisions trading off present and future amounts of money. Decisions involved both...
Persistent link: https://www.econbiz.de/10005101059
Financial market crises may differ, but severe banking crises typically share many common features. The most recent crisis shares many features with the US Savings and Loan crisis of the 1980s and early 90s as well as some features of the LTCM crisis of 1998. More generally, banking crises are...
Persistent link: https://www.econbiz.de/10008581252
In order to choose the proper size of an infrastructure and to save as much as possible on investment costs, it is necessary for the responsible party (the Centre in the language of this report) to have access to information that is typically known only by some agents or partners who may use...
Persistent link: https://www.econbiz.de/10005079446
credible so that the installations could see incentives to be in compliance with the regulation. Inspection is generally … carried out by the government who sets up the regulation. We have highlighted some economic incentives in order that the most …
Persistent link: https://www.econbiz.de/10005100455
We consider the response to incentives as an explanation for productivity differences within a firm that paid its …: one due to differences in ability and the other due to differences in the response to incentives. We apply this … that individuals do react differently to incentives. However, while the women in our sample reacted slightly more to …
Persistent link: https://www.econbiz.de/10005100605
Our objective in this paper is to illustrate and better understand the unavoidable arbitrage between incentives and …
Persistent link: https://www.econbiz.de/10005100623
We consider the cost of providing incentives through tournaments when workers are inequity averse and performance …
Persistent link: https://www.econbiz.de/10005100711
We analyze a two-task work environment with risk-neutral but inequality averse individuals. For the agent employed in task 2 effort is verifiable, while in task 1 it is not. Accordingly, agent 1 receives an incentive contract which, due to his wealth constraint, leads to a rent that the other...
Persistent link: https://www.econbiz.de/10005100739