Showing 1 - 10 of 68
Many economic decisions involve a substantial amount of uncertainty, and therefore crucially depend on how individuals process probabilistic information. In this paper, we investigate the capability for probability judgment in a representative sample of the German population. Our results show...
Persistent link: https://www.econbiz.de/10003845575
Persistent link: https://www.econbiz.de/10001838248
the role of the econometric specification. We present a simple theory of the economic and demographic transition where … individuals' education and fertility decisions depend on their life expectancy. The theory predicts that before the demographic …
Persistent link: https://www.econbiz.de/10003837588
This paper distills and extends recent research on the economics of human development and social mobility. It summarizes the evidence from diverse literatures on the importance of early life conditions in shaping multiple life skills and the evidence on critical and sensitive investment periods...
Persistent link: https://www.econbiz.de/10010252655
for 80,000 individuals, drawn as representative samples from 76 countries around the world, representing 90 percent of … both the world's population and global income. The global distribution of preferences exhibits substantial variation across … systematically with age, gender, and cognitive ability. Around the world, our preference measures are predictive of a wide range of …
Persistent link: https://www.econbiz.de/10011387557
Persistent link: https://www.econbiz.de/10011802974
This paper argues that skill formation is a life-cycle process and develops the implications of this insight for Scottish social policy. Families are major producers of skills, and a successful policy needs to promote effective families and to supplement failing ones. We present evidence that...
Persistent link: https://www.econbiz.de/10002540578
This paper suggests that the weak empirical effect of human capital on growth in existing cross-country studies is partly the result of an inappropriate specification that does not account for the different channels through which human capital affects growth. A systematic replication of earlier...
Persistent link: https://www.econbiz.de/10009422482
emerging democracies, and in particular, the protection of civil (political and economic) liberties. A simple theory in which …
Persistent link: https://www.econbiz.de/10009124075
We propose a unified growth theory to investigate the mechanics generating the economic and demographic transition, and …
Persistent link: https://www.econbiz.de/10009708703