Showing 1 - 10 of 38
We aim to disentangle the relative contributions of (i) cognitive ability, and (ii) education on health and mortality using a structural equation model suggested by Conti et al. (2010). We extend their model by allowing for a duration dependent variable, and an ordinal educational variable. Data...
Persistent link: https://www.econbiz.de/10011257088
of early intelligence or cognitive ability with longevity, with a standardized hazard ratio of .80; this is the only …: education, income and wealth are each found to contribute about as much to a longer life as intelligence. The joint effect of … all four variables is dominated by childhood intelligence and adult wealth at the expense of education and income. …
Persistent link: https://www.econbiz.de/10011257563
efficiency advantage is solely driven by intelligence. We operationalize efficiency of health investment as the probability of …) healthy, (ii) ill (in hospital), and (iii) death. We use data from a Dutch cohort born around 1940 that links intelligence … tests at age 12 to later-life hospitalization and mortality records. The results suggest that higher Intelligence induces …
Persistent link: https://www.econbiz.de/10011255933
How valuable are cognitive and social abilities for entrepreneurs’ incomes as compared to employees? We answer three questions: (1) To what extent does a composite measure of ability affect an entrepreneur's earnings relative to employees? (2) Do different cognitive abilities (e.g. math...
Persistent link: https://www.econbiz.de/10011257249
Biased longevity expectations will lead to suboptimal decisions regarding saving, retirement, annuitization and health, with consequences for wellbeing in old age. Systematic differences in the accuracy of longevity expectations may partly explain heterogeneity in economic behaviour by education...
Persistent link: https://www.econbiz.de/10011275101
This discussion paper led to a publication in <A href="http://jhr.uwpress.org/content/46/4/875.short">'The Journal of Human Resources'</A>.<p>Anchoring vignettes are increasingly used to identify and correct heterogeneity in the reporting of health, work disability, life satisfaction, political efficacy, etc. with the aim of improving interpersonal...</p></a>
Persistent link: https://www.econbiz.de/10011256357
of an organization. We argue that to further our understanding it should be understood in terms of human cognition of a …
Persistent link: https://www.econbiz.de/10011257510
Under relative performance pay, other-regarding workers internalize the negative externality they impose on other workers. In one form -increased own effort reduces others' payoffs- this results in other-regarding individuals depressing efforts. In another form punishment reduces the payoff of...
Persistent link: https://www.econbiz.de/10011257464
This paper presents a unified theory of human capital with both health capital and, what we term, skill capital endogenously determined within the model. By considering joint investment in health capital and in skill capital, the model highlights similarities and differences in these two...
Persistent link: https://www.econbiz.de/10011272580
We extend Lazear’s theory of skills variety and entrepreneurship in three directions. First, we provide a theoretical framework linking new business creation with an entrepreneur’s skill variety. Second, in this model we allow for both generalists and specialists to possess skill variety....
Persistent link: https://www.econbiz.de/10011272604