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Gensowski, Miriam - Institute for the Study of Labor (IZA) - 2014

Talented individuals are seen as drivers of long-term growth, but how do they realize their full potential? In this paper, I show that even in a group of high-IQ men and women, lifetime earnings are substantially influenced by their education and personality traits. I identify a previously...

Persistent link: https://www.econbiz.de/10010884095

Understanding the Mechanisms Through Which an Influential Early Childhood Program Boosted Adult Outcomes

Heckman, James J.; Pinto, Rodrigo; Savelyev, Peter - Institute for the Study of Labor (IZA) - 2012

A growing literature establishes that high quality early childhood interventions targeted toward disadvantaged children have substantial impacts on later life outcomes. Little is known about the mechanisms producing these impacts. This paper uses longitudinal data on cognitive and personality...

Persistent link: https://www.econbiz.de/10010887064

The Impact of Education and Occupation on Temporary and Permanent Work Incapacity

Datta Gupta, Nabanita; Lau, Daniel; Pozzoli, Dario - Institute for the Study of Labor (IZA) - 2012

This paper investigates whether education and working in a physically demanding job causally impact temporary work incapacity, i.e. sickness absence, and permanent work incapacity, i.e. the inflow to disability via sickness absence. Our contribution is to allow endogeneity of both education and...

Persistent link: https://www.econbiz.de/10010889998

The Impact of Economic Integration on Employment – An Assessment in the Context of EU Enlargement

Fertig, Michael - Institute for the Study of Labor (IZA) - 2003

This paper is motivated by the idea that the enlargement of the European Union is only one part of an overall process, known as economic integration, which characterizes the involvement of European economies into the global division of labor. Therefore, the paper aims at providing a quantitative...

Persistent link: https://www.econbiz.de/10005703165

Measuring Globalization

Andersen, Torben M.; Herbertsson, Tryggvi Thor - Institute for the Study of Labor (IZA) - 2003

The multivariate technique of factor analysis is used to combine several indicators of economic integration and international transactions into a single measure or index of globalization. The index is an alternative to the simple measure of openness based on trade, and it produces a ranking of...

Persistent link: https://www.econbiz.de/10005703763

Modeling Area-Level Health Rankings

Courtemanche, Charles; Soneji, Samir; Tchernis, Rusty - Institute for the Study of Labor (IZA) - 2013

We propose a Bayesian factor analysis model to rank the health of localities. Mortality and morbidity variables empirically contribute to the resulting rank, and population and spatial correlation are incorporated into a measure of uncertainty. We use county-level data from Texas and Wisconsin...

Persistent link: https://www.econbiz.de/10010697236

Personal Bankruptcy Law, Wealth and Entrepreneurship: Theory and Evidence from the Introduction of a "Fresh Start"

Fossen, Frank M. - Institute for the Study of Labor (IZA) - 2011

A personal bankruptcy law that allows for a "fresh start" after bankruptcy reduces the individual risk involved in … entrepreneurial activity. On the other hand, as risk shifts to creditors who recover less of their credit after a debtor's bankruptcy … forgiving personal bankruptcy law are less relevant for wealthy potential entrepreneurs who still risk losing their wealth, but …

Persistent link: https://www.econbiz.de/10008804593

Testing CAPM with a Large Number of Assets

Pesaran, M. Hashem; Yamagata, Takashi - Institute for the Study of Labor (IZA) - 2012

This paper is concerned with testing the time series implications of the capital asset pricing model (CAPM) due to … evidence against Sharpe-Lintner CAPM is found mainly during the recent financial crisis. Furthermore, a strong negative …

Persistent link: https://www.econbiz.de/10010550527

Aging and Attitudes Towards Strategic Uncertainty and Competition: An Artefactual Field Experiment in a Swiss Bank

Madies, Thierry; Villeval, Marie Claire; Wasmer, Malgorzata - Institute for the Study of Labor (IZA) - 2012

stereotype of risk averse and less competitive older employees. …

Persistent link: https://www.econbiz.de/10010884197

The Risk and Return of Human Capital Investments

Koerselman, Kristian; Uusitalo, Roope - Institute for the Study of Labor (IZA) - 2013

Investing in human capital increases lifetime income, but these investments may involve substantial risk. In this paper … vocational high school. Accounting for risk does little to change this picture. By contrast, vocational high school is associated …

Persistent link: https://www.econbiz.de/10010960122