This paper provides new estimates of the medium and long-term impacts of Head Start on the health and behavioral … neighboring a single discontinuity). Participation in the program reduces the incidence of behavioral problems, serious health …

innovation activities. The selection of high-skill managers is more important for innovation activities. As the economy … approaches the technology frontier, selection becomes more important. As a result, countries at early stages of development … investments, but little selection. Closer to the world technology frontier, there is a switch to an innovation-based strategy with …

partial insurance of parental investments against permanent income shocks, but the magnitude of the estimated responses is … small. We cannot reject the hypothesis full insurance against temporary shocks. Another interpretation of our findings is … that there is very little insurance available, but the fact that skill is a non-separable function of parental investments …

What are the welfare effects of a policy that facilitates for insurance customers to privately and covertly learn about … their accident risks? We endogenize the information structure in Stiglitz's classic monopoly insurance model. We first show …

We study a monopoly insurance model with endogenous information acquisition. Through a continuous effort choice …

insurance and preferences are nonseparable. This result appears to support the conclusion of the above mentioned folk theorem …

, equilibrium wage dispersion is necessary for the economy to approximate efficiency. Without wage dispersion, workers do not search …

malaria more salient, leading to a change in beliefs about its importance and to an increase in private health investments. …