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Optimal Policy and the Risk Properties of Human Capital Reconsidered

Anderberg, Dan - CESifo - 2008

This paper considers how optimal education and tax policy depends on the risk properties of human capital. It is … positive or a negative education premium. In the same model a positive intertemporal wedge is optimal. Aset of generalizations …, including non-observability of education, non-observability of consumption, and temporal resolution of uncertainty, are then …

Persistent link: https://www.econbiz.de/10005766081

The Effect of Education on Marital Status and Partner Characteristics: Evidence from the UK

Anderberg, Dan; Zhu, Yu - CESifo - 2010

This paper uses a particular school exit rule previously in effect in England and Wales that allowed students born within the first five months of the academic year to leave school one term earlier than those born later in the year. Focusing on women, we show that those who were required to stay...

Persistent link: https://www.econbiz.de/10008572507

Biased Probability Judgment: Representative Evidence for Pervasiveness and Economic Outcomes

Thomas, Dohmen; Armin, Falk; David, Huffman; Felix, Marklein - Researchcentrum voor Onderwijs en Arbeidsmarkt (ROA), … - 2008

Many economic decisions involve a substantial amount of uncertainty, andtherefore crucially depend on how individuals process probabilistic information. Inthis paper, we investigate the capability for probability judgment in a representativesample of the German population. Our results show that...

Persistent link: https://www.econbiz.de/10011147034

Direct Evidence in Risk Attitudes and Migration

Jaeger David A.; Thomas, Dohmen; Armin, Falk; David, Huffman - Researchcentrum voor Onderwijs en Arbeidsmarkt (ROA), … - 2008

result is robust to stratifying by age, sex, education, national origin, and a variety of other demographic characteristics …

Persistent link: https://www.econbiz.de/10011147037

Homo Reciprocans: Survey Evidence on Behavioural Outcomes

Thomas, Dohmen; Armin, Falk; David, Huffman; Uwe, Sunde - Researchcentrum voor Onderwijs en Arbeidsmarkt (ROA), … - 2008

This paper complements the experimental literature that has shown theimportance of reciprocity for behaviour in stylized labour markets or otherdecision settings. We use individual measures of reciprocal inclinations in alarge, representative survey, and relate reciprocity to real world labour...

Persistent link: https://www.econbiz.de/10011147044

Education, Disappointment and Optimal Policy

Anderberg, Dan; Cerrone, Claudia - CESifo - 2014

Justification for policies to encourage investments in education, particularly for individuals at the lower end of the … potentially loss averse around their expected outcome make risky investments in education and we draw on optimal tax theory to … preferences, standard risk aversion and labour supply behaviour, (ii) the risk properties of education, and (iii) the degree of …

Persistent link: https://www.econbiz.de/10011103402

Individual Risk Attitudes: Measurement, Determinants and Behavioral Consequences

Thomas, Dohmen; Armin, Falk; David, Huffman; Uwe, Sunde; … - Researchcentrum voor Onderwijs en Arbeidsmarkt (ROA), … - 2009

This paper studies risk attitudes using a large representative survey and a complementaryexperiment conducted with a representative subject pool in subjects’ homes. Using aquestion asking people about their willingness to take risks “in general”, we find thatgender, age, height, and...

Persistent link: https://www.econbiz.de/10011160607

Are Risk Aversion and Impatience Related to Cognitive Ability?

Thomas, Dohmen; Armin, Falk; David, Huffman; Uwe, Sunde - Researchcentrum voor Onderwijs en Arbeidsmarkt (ROA), … - 2009

Th is paper investigates whether risk aversion and impatience are correlated withcognitive ability. We conduct incentive compatible choice experiments measuringrisk aversion, and impatience over an annual time horizon, for a representative sampleof roughly 1,000 German adults. A measure of...

Persistent link: https://www.econbiz.de/10011160623