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Heckman, James J.; Humphries, John Eric; Veramendi, Greg; … - National Bureau of Economic Research (NBER) - 2014

different levels of schooling on health, health-related behaviors, and labor market outcomes. We develop an approach that is a … shaping educational choices and labor market and health outcomes. We improve on LATE by identifying the groups affected by …

Persistent link: https://www.econbiz.de/10010777726

Gender Differences in Risk Aversion and Ambiguity Aversion

Borghans, Lex; Golsteyn, Bart; Heckman, James J.; … - National Bureau of Economic Research (NBER) - 2009

This paper demonstrates gender differences in risk aversion and ambiguity aversion. It also contributes to a growing literature relating economic preference parameters to psychological measures by asking whether variations in preference parameters among persons, and in particular across genders,...

Persistent link: https://www.econbiz.de/10005084452

The Economics of Child Well-Being

Conti, Gabriella; Heckman, James J. - National Bureau of Economic Research (NBER) - 2012

This paper presents an integrated economic approach that organizes and interprets the evidence on child development. It also discusses the indicators of child well-being that are used in international comparisons. Recent evidence on child development is summarized, and policies to promote child...

Persistent link: https://www.econbiz.de/10010584099

Identification Problems in Personality Psychology

Borghans, Lex; Golsteyn, Bart; Heckman, James J.; … - National Bureau of Economic Research (NBER) - 2011

This paper discusses and illustrates identification problems in personality psychology. The measures used by psychologists to infer traits are based on behaviors, broadly defined. These behaviors are produced from multiple traits interacting with incentives in situations. In general, measures...

Persistent link: https://www.econbiz.de/10008927010

Discounting Dollars, Discounting Lives: Intergenerational Distributive Justice and Efficiency

Kaplow, Louis - National Bureau of Economic Research (NBER) - 2006

The view that intergenerational distributive justice and efficiency should be treated separately is familiar, yet controversial. This article elaborates the often-implicit justifications for separate treatment and provides a more express statement of how and when such treatment is appropriate....

Persistent link: https://www.econbiz.de/10005248951

Optimal Policy with Heterogeneous Preferences

Kaplow, Louis - National Bureau of Economic Research (NBER) - 2008

Optimal policy rules--including those regarding income taxation, commodity taxation, public goods, and externalities--are typically derived in models with homogeneous preferences. This article reconsiders many central results for the case in which preferences for commodities, public goods, and...

Persistent link: https://www.econbiz.de/10005084879

Concavity of Utility, Concavity of Welfare, and Redistribution of Income

Kaplow, Louis - National Bureau of Economic Research (NBER) - 2003

taxation and on normative inequality measurement, it seems to be accepted that the role of these two sources of concavity is … symmetric with regard to the social concern about inequality in the distribution of income. Direct examination of the question …

Persistent link: https://www.econbiz.de/10005718301

Horizontal Equity: New Measures, Unclear Principles

Kaplow, Louis - National Bureau of Economic Research (NBER) - 2000

Alan Auerbach and Kevin Hassett offer a new measure of horizontal equity (HE) that is designed to overcome deficiencies in prior indexes. There is, however, a fundamental problem that their effort shares with their predecessors' attempts: the underlying rationale for pursuing HE at the expense...

Persistent link: https://www.econbiz.de/10005718894

Fairness Versus Welfare: Notes on the Pareto Principle, Preferences, and Distributive Justice

Kaplow, Louis; Shavell, Steven - National Bureau of Economic Research (NBER) - 2003

In Fairness versus Welfare, we advance the thesis that social policies should be assessed based entirely on their … effects on individuals' well-being. This thesis implies that no independent weight should be accorded to notions of fairness … (other than many purely distributive notions). We support our thesis in three ways: by demonstrating how notions of fairness …

Persistent link: https://www.econbiz.de/10005829104

Any Non-Individualistic Social Welfare Function Violates the Pareto Principle

Kaplow, Louis; Shavell, Steven - National Bureau of Economic Research (NBER) - 1999

The public at large, many policymakers, and some economists hold views of social welfare that attach some importance to factors other than individuals' utilities. This note shows that any such non-individualistic notion of social welfare conflicts with the Pareto principle.

Persistent link: https://www.econbiz.de/10005830419