Showing 1 - 10 of 200
This paper studies how an institution such as markets affects the evolution of mankind. My key point is that the forces … of natural selection are made weaker because trade allows people to specialize in those activities where they are strong …, and to offset their weaknesses by purchasing adequate goods on the market. Absent trade, people must allocate their time …
Persistent link: https://www.econbiz.de/10005761761
development stages from industrialized to newly industrialized and emerging market economies. The environmental consequences …
Persistent link: https://www.econbiz.de/10008693845
Absences in Chicago Public High Schools are 3-7 days per year higher in first period than at other times of the day. This study exploits this empirical regularity and the essentially random variation between students in the ordering of classes over the day to measure how the returns to classroom...
Persistent link: https://www.econbiz.de/10008466033
In this paper, we evaluate the effect of the literacy hour in English primary schools on pupil attainment. The National … Literacy Project (NLP) was undertaken in about 400 English primary schools in 1997 and 1998. We compare the reading and overall … English attainment of children in NLP schools as compared to a set of control schools at the end of primary school education …
Persistent link: https://www.econbiz.de/10005703795
Friedman (1962) suggested that in general, unfettered markets ensure the efficient provision of goods and services …
Persistent link: https://www.econbiz.de/10010632994
the players and policies in the many distinct domestic and international markets that exist for the inputs and outputs of …
Persistent link: https://www.econbiz.de/10005703607
Taking advantage of the panel structure of the data, the impact of intermarriage on labor market productivity as measured by earnings is examined. Contrarily to previous studies which rely on instrumental variable techniques, selection issues are addressed within a fixed effects framework. The...
Persistent link: https://www.econbiz.de/10008532120
We study the impact of team decision making on market behavior and its consequences for subsequent individual performance in the Wason selection task, the single-most studied reasoning task. We reformulated the task in terms of "assets" in a market context. Teams of traders learn the task’s...
Persistent link: https://www.econbiz.de/10008532122
Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...
Persistent link: https://www.econbiz.de/10010706055
Among residents of an informal housing area in Cairo, we examine how dictator giving varies by the social distance between subjects – friend versus stranger – and by the anonymity of the dictator. While giving to strangers is high under anonymity, we find – consistent with Leider et al....
Persistent link: https://www.econbiz.de/10010884308