Showing 1 - 10 of 68
Pareto Efficiency is a core assumption of most models of household decision-making. We test this assumption using a new dataset covering the retirement saving contributions of over a million U.S. individuals. While a vast literature has failed to reject household efficiency in developed...
Persistent link: https://www.econbiz.de/10014250212
We construct a general dynamic structural model of two-sided learning between a firm and its workers. We estimate an … American workers). The type of data that we use also generates information on the value of learning and on whether and how the … the increases in the firm's value from learning about its workers' behavior and to infer the extent of biases in estimated …
Persistent link: https://www.econbiz.de/10012470451
Peer effects are potentially important for understanding the optimal organization of schools, jobs, and neighborhoods, but finding evidence is difficult because people are selected into peer groups based, in part, on their unobservable characteristics. I identify the effects of peers whom a...
Persistent link: https://www.econbiz.de/10012470876
a quality upgrade one of these inputs requires a period of learning before it can be used effectively, then in general … wasteful to tie up funds in the other inputs which will be underutilized until the date learning is over. We provide evidence …
Persistent link: https://www.econbiz.de/10012472958
.39 and 0.23 standard deviations, respectively, after four years. We also identify important gender learning gaps with boys …
Persistent link: https://www.econbiz.de/10012480224
represent an understudied channel for this type of social learning. We study an environmentally-focused law in the shale gas …
Persistent link: https://www.econbiz.de/10012481048
We develop a model to analyze information aggregation and learning in housing markets. In the presence of pervasive … of a neighborhood. Our model provides a novel mechanism for amplification through learning in which noise from the …
Persistent link: https://www.econbiz.de/10012482087
A large body of literature suggests that the first years of life are critical for long-term economic, health and social outcomes. However, the effect of public programs on early life skills formation is largely unknown due to data limitations. In this paper we use novel data from a large...
Persistent link: https://www.econbiz.de/10012452889
the year prior to the test reduce learning, with extreme heat being particularly damaging and larger effects for low … economic shocks, suggesting heat directly reduces the productivity of learning inputs. New data providing the first measures of …
Persistent link: https://www.econbiz.de/10012453080
This paper develops a model of Bayesian learning from online reviews, and investigates the conditions for asymptotic … learning of the quality of a product and the speed of learning under different rating systems. A rating system provides … to leave a review as a function of her overall satisfaction. We study learning dynamics under two classes of rating …
Persistent link: https://www.econbiz.de/10012453667