The theory of compensating differentials has proven difficult to test with observational data: the consequences of …. Instead, we construct experimental, real-effort labor markets and offer an evaluation of the theory in a controlled setting … differentials are affected by worker mobility and therefore selection. Consistent with the theory, we find that riskier firms must …

candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …

prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities … predicted by the prospect theory. But under high stakes, we provide some evidence that risk seeking behavior is dramatically …

children, which can be seen as evidence of sexual bias related to a commonly believed existing preference for boys. …

We characterize the bias of propensity score based estimators of common average treatment effect parameters in the case …

This paper introduces bias-corrected estimators for nonlinear panel data models with both time invariant and time …/selection bias. We then estimate the primary equation by fixed effects including an appropriately constructed control function from … both steps might employ nonlinear fixed effects procedures it is necessary to bias adjust the estimates due to the …

Collective rationality is seldom if ever rejected in the literature, raising doubt about its falsifiability. We show … that include more than two decision-makers (e.g., polygamous households, adult children). We investigate household … consumption decision-making within monogamous and bigamous households in Burkina Faso. Using the standard testing approach …