Showing 1 - 10 of 134
We identify a key role of factor supply, driven by demographic changes, in shaping several empirical regularities that are a focus of active research in macro and labor economics. In particular, demographic changes alone can account for the large movements of the return to experience over the...
Persistent link: https://www.econbiz.de/10011156812
Internet-based educational resources are proliferating rapidly. One concern associated with these (potentially transformative) technological changes is that they will be disequalizing—as many technologies of the last several decades have been—creating superstar teachers and a winner-take-all...
Persistent link: https://www.econbiz.de/10010815547
We define the empirical content of an economic theory as the least restrictive observationally equivalent theory. We show that the empirical content of a theory is captured by a certain kind of axiomatization, with axioms that are universal negations of conjunctions of atomic formulae.
Persistent link: https://www.econbiz.de/10010884824
We provide conditions under which contingent claim and asset demands are consistent with state independent Expected Utility maximization. The paper focuses on the case of a single commodity and demands are allowed to be functions of probabilities and not just prices and income. We extend prior...
Persistent link: https://www.econbiz.de/10010949129
Persistent link: https://www.econbiz.de/10008542952
We introduce the idea that easily inferable demographic characteristics such as gender may not be sufficient to define type in the supervisor-employee mentoring relationship. We use longitudinal data on athletic directors at NCAA Division I programs to identify through observed mobility the...
Persistent link: https://www.econbiz.de/10010815477
institutions to sustain their distinctive activities and to reach a larger number of students. …
Persistent link: https://www.econbiz.de/10010815515
Endowment payouts have become an increasingly important component of universities' revenues in recent decades. We study how universities respond to financial shocks to endowments and thus shed light on a number of existing models of endowment behavior. Endowments actively reduce payouts relative...
Persistent link: https://www.econbiz.de/10010815526
We study the impact of a public school choice lottery in Charlotte-Mecklenburg schools on college enrollment and degree completion. We find a significant overall increase in college attainment among lottery winners who attend their first choice school. Using rich administrative data on peers,...
Persistent link: https://www.econbiz.de/10010815585
students. But they suffer from low completion rates. This paper identifies disorganization as a factor behind failure to … complete a MOOC. Students who enroll one day late are 17 percentage points less likely to earn a certificate than students who …
Persistent link: https://www.econbiz.de/10010815654