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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

Awareness Reduces Racial Bias

Price, Joseph; Wolfers, Justin; Pope, Devin G. - National Bureau of Economic Research (NBER) - 2013

Can raising awareness of racial bias subsequently reduce that bias? We address this question by exploiting the widespread media attention highlighting racial bias among professional basketball referees that occurred in May 2007 following the release of an academic study. Using new data, we...

Persistent link: https://www.econbiz.de/10010723397

Explaining the Favorite-Longshot Bias: Is it Risk-Love or Misperceptions?

Wolfers, Justin; Snowberg, Erik - National Bureau of Economic Research (NBER) - 2010

The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates of the probability of a horse winning--longshots are overbet, while favorites are underbet. Neoclassical explanations of this phenomenon focus on rational gamblers who overbet...

Persistent link: https://www.econbiz.de/10008631078

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

Happiness Inequality in the United States

Stevenson, Betsey; Wolfers, Justin - National Bureau of Economic Research (NBER) - 2008

-2006. While there has been no increase in aggregate happiness, inequality in happiness has fallen substantially since the 1970s … happiness by education have widened substantially. We develop an integrated approach to measuring inequality and decomposing … changes in the distribution of happiness, finding a pervasive decline in within-group inequality during the 1970s and 1980s …

Persistent link: https://www.econbiz.de/10005084669

Is Business Cycle Volatility Costly? Evidence from Surveys of Subjective Wellbeing

Wolfers, Justin - National Bureau of Economic Research (NBER) - 2003

This paper analyzes the effects of business cycle volatility on measures of subjective well-being, including self-reported happiness and life satisfaction. I find robust evidence that high inflation and, to a greater extent, unemployment lower perceived well-being. Greater macroeconomic...

Persistent link: https://www.econbiz.de/10005710864