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experimental evidence shows that families' misperceptions about the returns to education play a large role in their low investment … levels. This paper builds a model of human capital and growth that incorporates an adaptive learning mechanism to capture the … way agents form perceptions about returns to education. In an economy where human capital investments have both private …
Persistent link: https://www.econbiz.de/10009149147
This paper investigates the impact of working while in school on learning outcomes through the use of a unique micro … panel dataset of students in the São Paulo municipal school system. The potential endogeneity of working decisions and … learning outcomes is addressed through the use of a difference-in-difference estimator and it is shown that the results are …
Persistent link: https://www.econbiz.de/10010884083
investigate where inequality is greatest, the association between inequality in learning and average levels of learning, the …
Persistent link: https://www.econbiz.de/10005763825
In this paper we investigate the existence and the size of territorial differences in Italian students’ mathematical … by the Italian Ministry of Education. We consider three different groups of educational inputs: individual …, cultural resources and aspirations. In addition to the standard gradient represented by parental education and occupation, we …
Persistent link: https://www.econbiz.de/10005700899
Economists traditionally tackle normative problems by computing optimal policy, i.e. the one that maximizes a social welfare function. In practice, however, a succession of marginal changes to a limited number of policy instruments are implemented, until no further improvement is feasible. I...
Persistent link: https://www.econbiz.de/10005822405
This paper presents a model of the labor market in which unemployed workers are uncertain about their relative ability to find a job. Unsuccessful search induces individuals to revise their beliefs downwards. Once self-confidence is sufficiently low, workers become discouraged and give up on...
Persistent link: https://www.econbiz.de/10005822513
feedback as the main driving force of learning to play strategically and to form beliefs that accurately predict the behavior …
Persistent link: https://www.econbiz.de/10005822932
We define social reciprocity as the act of demonstrating one's disapproval, at some personal cost, for the violation of widely-held norms (e.g., don't free ride). Social reciprocity differs from standard notions of reciprocity because social reciprocators intervene whenever a norm is violated...
Persistent link: https://www.econbiz.de/10005823004
We analyze a long-term contracting problem involving common uncertainty about a parameter capturing the productivity of the relationship, and featuring a hidden action for the agent. We develop an approach that works for any utility function when the parameter and noise are normally distributed...
Persistent link: https://www.econbiz.de/10008727782
The ways in which preferences respond to the varying stress of economic environments is a key question for behavioral economics and public policy. We conducted a laboratory experiment to investigate the effects of stress on financial decision making among individuals aged 50 and older. Using the...
Persistent link: https://www.econbiz.de/10011105080