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The Economic Approach to Personality, Character and Virtue

Heckman, James J.; Galaty, Bridget; Tian, Haihan - National Bureau of Economic Research - 2023

This chapter presents an economic approach to character and personality traits with an application to the study of virtue. Economists interpret psychological traits, including character traits and virtue, as strategies that shape responses to situations (actions) determined by underlying...

Persistent link: https://www.econbiz.de/10014287358

Transmission of Family Influence

Eshaghnia, Sadegh S. M.; Heckman, James J.; Landersø, … - National Bureau of Economic Research - 2024

This paper studies intergenerational mobility--the transmission of family influence. We develop and estimate measures of lifetime resources motivated by economic theory that account for differences in life-cycle trajectories, and uncertainty about future income. We identify the effects of...

Persistent link: https://www.econbiz.de/10015094865

Intergenerational Transmission of Family Influence

Eshaghnia, Sadegh; Heckman, James J.; Landersø, Rasmus; … - National Bureau of Economic Research - 2022

This paper studies intergenerational mobility--the transmission of family influence. We develop and estimate measures of lifetime resources (income and wealth) motivated by economic theory that account for generational differences in life-cycle trajectories, uncertainty, and credit constraints....

Persistent link: https://www.econbiz.de/10013388767

The Causal Effects of Youth Cigarette Addiction and Education

Hai, Rong; Heckman, James J. - National Bureau of Economic Research - 2022

We develop and estimate a life-cycle model in a rational addiction framework where youth choose to smoke, attend school, work part-time, and consume while facing borrowing constraints. The model features multiple channels for studying the reciprocal causal effects of addiction and education....

Persistent link: https://www.econbiz.de/10013334521

Maximum Impact Intergenerational Associations

Eshaghnia, Sadegh; Heckman, James J.; Landersø, Rasmus - National Bureau of Economic Research - 2023

This paper presents a new approach to measuring the intergenerational transmission of well-being and a novel perspective on which measures and what age ranges to use to estimate intergenerational social mobility. We select the measures and the age ranges that best predict important human capital...

Persistent link: https://www.econbiz.de/10014248011

Perry Preschool at 50 : What Lessons Should Be Drawn and Which Criticisms Ignored?

Baulos, Alison W.; García, Jorge Luis; Heckman, James J. - National Bureau of Economic Research - 2024

The Perry Preschool Project, the longest-running experimental study of an early childhood education program, demonstrates how such interventions can yield long-term personal, societal, and intergenerational benefits for disadvantaged populations. The evidence is clear: investments in...

Persistent link: https://www.econbiz.de/10015072913

Parenting Promotes Social Mobility Within and Across Generations

García, Jorge Luis; Heckman, James J. - National Bureau of Economic Research - 2022

This paper compares early childhood enrichment programs that promote social mobility for disadvantaged children within and across generations. Instead of conducting a standard meta-analysis, we present a harmonized primary data analysis of programs that shape current policy. Our analysis is a...

Persistent link: https://www.econbiz.de/10013435172

Intergenerational Transmission of Inequality : Maternal Endowments, Investments, and Birth Outcomes

Eshaghnia, Sadegh; Heckman, James J. - National Bureau of Economic Research - 2023

Newborn health is an important component in the chain of intergenerational transmission of disadvantage. This paper contributes to the literature on the determinants of health at birth in two ways. First, we analyze the role of maternal endowments and investments (education and smoking in...

Persistent link: https://www.econbiz.de/10014421186

The Effect of Public Science on Corporate R&D

Arora, Ashish; Belenzon, Sharon; Cioaca, Larisa C.; … - National Bureau of Economic Research - 2023

We study the relationships between corporate R&D and three components of public science: knowledge, human capital, and … established firms, which account for more than three-quarters of business R&D, is affected by scientific knowledge produced by … innovation in firms. However, inventions from universities and public research institutes substitute for corporate inventions and …

Persistent link: https://www.econbiz.de/10014437030

Killing the Golden Goose? The Decline of Science in Corporate R&D

Arora, Ashish - 2015

Scientific knowledge is believed to be the wellspring of innovation. Historically, firms have also invested in research … to fuel innovation and growth. In this paper, we document a shift away from scientific research by large corporations … knowledge (as measured by patents) has remained stable. These effects appear to be associated with globalization and narrower …

Persistent link: https://www.econbiz.de/10012457764