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I explore the effects of education on nonmarket outcomes from both theoretical and empirical perspectives. Examples of outcomes considered include general consumption patterns at a moment in time, savings and the rate of growth of consumption over time, own (adult) health and inputs into the...
Persistent link: https://www.econbiz.de/10012467095
We study the long-run evolution of brand preferences, using new data on consumers' life histories and purchases of consumer packaged goods. Variation in where consumers have lived in the past allows us to isolate the causal effect of past experiences on current purchases, holding constant...
Persistent link: https://www.econbiz.de/10012462389
A pervasive concern with the use of self-reported health and disability measures in behavioral models is that they are biased and endogenous. A commonly suggested explanation is that survey respondents exaggerate the severity of health problems and incidence of disabilities in order to...
Persistent link: https://www.econbiz.de/10012471248
') bias in the estimates and, after due account is taken of this bias, we find that differences due to estimation method are …
Persistent link: https://www.econbiz.de/10012471319
economics applications: the impact of R&D subsidies, smoking prevention programs for youth, and the evaluation of HIV …
Persistent link: https://www.econbiz.de/10012471322
When a rate of return is regressed on a lagged stochastic regressor, such as a dividend yield, the regression disturbance is correlated with the regressor's innovation. The OLS estimator's finite-sample properties, derived here, can depart substantially from the standard regression setting....
Persistent link: https://www.econbiz.de/10012471691
some, but not all, of the approximation bias …
Persistent link: https://www.econbiz.de/10012471817
reliance on intuitions. In none of the tasks are very high stakes sufficient to de-bias participants, or come even close to …
Persistent link: https://www.econbiz.de/10012510529
This paper quantifies the amount of noise and bias in analysts' forecast of corporate earnings at various horizons. We … next decompose the relative accuracy of these forecasts into three components: (i) noise, (ii) bias and (iii) analysts … both noise and bias are increase linearly. We then show most existing models lack a mechanism to account for these facts …
Persistent link: https://www.econbiz.de/10012585447
Platforms are growing increasingly powerful, raising questions about whether their power might be exercised with bias …. While bias is inherently difficult to measure, we identify a context within the music industry that is amenable to bias … suggest the possibility of platform biases in favor of major record labels, and industry participants also point to bias …
Persistent link: https://www.econbiz.de/10012599307