Showing 1 - 10 of 361
We document systematic and significant time variation in US lifecycle non-durable consumption profiles. Consumption profiles have consistently become flatter: differences in consumption across generations have decreased. Pooling data across different periods to identify lifecycle profiles masks...
Persistent link: https://www.econbiz.de/10012177052
Although the elderly are more vulnerable to COVID-19, the empirical evidence suggests that they do not behave more cautiously in the pandemic than younger individuals. This theoretical model argues that some individuals might not comply with the COVID-19 measures to reassure themselves that they...
Persistent link: https://www.econbiz.de/10012417456
Using high-quality Finnish register data and a regression discontinuity approach, we study the health effects of reaching the legal drinking ages of 18 and 20. Our results show that at age 18, when beer, wine, and car driving become legal, mortality and hospitalizations increase discontinuously,...
Persistent link: https://www.econbiz.de/10015407742
We summarise our two sets of controlled experiments designed to see if single-sex classes within coeducational environments modify students' risk-taking attitudes. In Booth and Nolen (2012b), subjects are in years 10 and 11, while in Booth, Cardona-Sosa and Nolen (2014), they are first-year...
Persistent link: https://www.econbiz.de/10010344873
Who participates in transactions when information about the consequences must be learned? We show theoretically that decision makers for whom acquiring and processing information is more costly respond more strongly to changes in incentive payments for participating and decide to participate...
Persistent link: https://www.econbiz.de/10011863553
Overbidding in second-price auctions (SPAs) has been shown to be persistent and associated with cognitive ability. We study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account cognitive skills. Employing an order-balanced design, we use...
Persistent link: https://www.econbiz.de/10012668312
on cognition. Heterogeneity analysis does not reveal meaningful differences in the effects across groups, including for … those with adverse prenatal health or high paternal BMI, an exception being that cognition is only affected by exposure at …
Persistent link: https://www.econbiz.de/10014265952
The health sector requires skilled, altruistic, and motivated individuals to perform complex tasks for which ex-post incentives may prove ineffective. Understanding the determinants of self-selection into health professions is therefore critical. We investigate this issue relying on data from...
Persistent link: https://www.econbiz.de/10015409517
run, particularly for rapidly ageing nations, but also entail non-negligible transitional costs. …
Persistent link: https://www.econbiz.de/10014292762
The public debt overhang spread across advanced countries, and the reform of the Stability and Growth Pact in the Euro … Zone, have revived the polarization between those who think that debt is always good and those who think that debt is … always bad. This paper presents a normative model of endogenous growth with debt-financed public capital. It is shown that no …
Persistent link: https://www.econbiz.de/10015133886