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Cognitive Skills Explain Economic Preferences, Strategic Behavior, and Job Attachment

Burks, Stephen V.; Carpenter, Jeffrey P.; Goette, Lorenz; … - Institute for the Study of Labor (IZA) - 2008

Economic analysis has said little about how an individual’s cognitive skills (CS's) are related to the individual’s preferences in different choice domains, such as risk-taking or saving, and how preferences in different domains are related to each other. Using a sample of 1,000 trainee...

Persistent link: https://www.econbiz.de/10005761801

Two-Sided Search, Heterogeneous Skills and Labor Market Performance

Danthine, Samuel - Institute for the Study of Labor (IZA) - 2005

entrepreneurial skills is proposed. It is possible to characterize both the competitive equilibrium and the optimal solution numerically. The competitive equilibrium is shown to be suboptimal. Less-skilled workers and firms are too selective, not matching with their comparable counterparts....

Persistent link: https://www.econbiz.de/10005761952

Can Risk Aversion Explain Schooling Attainments? Evidence from Italy

Belzil, Christian; Leonardi, Marco - Institute for the Study of Labor (IZA) - 2006

Using unique Italian panel data, in which individual differences in behavior toward risk are measured from answers to a lottery question, we investigate if (and to what extent) risk aversion can explain differences in schooling attainments. We formulate the schooling decision process as a...

Persistent link: https://www.econbiz.de/10005762083

Cognitive Ability, Character Skills, and Learning to Play Equilibrium: A Level-k Analysis

Gill, David; Prowse, Victoria L. - Institute for the Study of Labor (IZA) - 2014

ability to that of character skills, and find that both cognition and personality affect behavior and learning. More agreeable …

Persistent link: https://www.econbiz.de/10010886141

Hard Evidence on Soft Skills

Heckman, James J.; Kautz, Tim - Institute for the Study of Labor (IZA) - 2012

This paper summarizes recent evidence on what achievement tests measure; how achievement tests relate to other measures of "cognitive ability" like IQ and grades; the important skills that achievement tests miss or mismeasure, and how much these skills matter in life. Achievement tests miss, or...

Persistent link: https://www.econbiz.de/10011279310

Economic Conditions at the Time of Birth and Cognitive Abilities Late in Life: Evidence from Eleven European Countries

Doblhammer, Gabriele; den Berg, Gerard J. van; Fritze, … - Institute for the Study of Labor (IZA) - 2011

changes in the early life economic environment on late life cognition. In European countries, about three to four economic …

Persistent link: https://www.econbiz.de/10009283586

Cognition and Economic Outcomes in the Health and Retirement Survey

McArdle, John J.; Smith, James P.; Willis, Robert - Institute for the Study of Labor (IZA) - 2009

Dimensions of cognitive skills are potentially important but often neglected determinants of the central economic outcomes that shape overall well-being over the life course. There exists enormous variation among households in their rates of wealth accumulation, their holdings of financial...

Persistent link: https://www.econbiz.de/10004969335

Gender Differences in Cognition in China and Reasons for Change over Time: Evidence from CHARLS

Lei, Xiaoyan; Smith, James P.; Sun, Xiaoting; Zhao, Yaohui - Institute for the Study of Labor (IZA) - 2013

and are nationally representative of the Chinese population in this age span. Our measures of cognition in CHARLS relies … on two measures that proxy for different dimensions of adult cognition – episodic memory and intact mental status. We … people. These gender differences in cognition are especially concentrated in the older age groups and poorer communities …

Persistent link: https://www.econbiz.de/10010744662

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

Accounting for Imputed and Capital Income Flows in Income Inequality Analyses

Frick, Joachim R.; Grabka, Markus M. - Institute for the Study of Labor (IZA) - 2009

Using representative and consistent microdata from the German Socio-Economic Panel Study (SOEP) from 1985-2007, we illustrate that capital income (CI = return on financial investments) and imputed rent (IR = return on investments in owner-occupied housing) have become increasingly important...

Persistent link: https://www.econbiz.de/10008558933