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Symposium on child development and parental investment : introduction

Francesconi, Marco; Heckman, James J. - 2016

Persistent link: https://www.econbiz.de/10011480821

The economic approach to personality, character and virtue

Heckman, James J.; Galaty, Bridget; Tian, Haihan - 2023

This chapter presents an economic approach to character and personality traits with an application to the study of virtue. Economists interpret psychological traits, including character traits and virtue, as strategies that shape responses to situations (actions) determined by underlying...

Persistent link: https://www.econbiz.de/10014279705

Parents' responses to teacher qualifications

Chang, Simon; Cobb-Clark, Deborah A.; Salamanca, Nicolás - 2020

We identify the causal effect of teacher qualifications on parents' investments in their children. Exploiting a unique, high-stakes educational setting in which teachers are randomly assigned to classes, we show that parents react to more qualified teachers by increasing their financial...

Persistent link: https://www.econbiz.de/10012193923

The economics of human development and social mobility

Heckman, James J.; Mosso, Stefano - 2014

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

Maximum impact intergenerational associations

Eshaghnia, Sadegh; Heckman, James J.; Landersø, Rasmus - 2023

This paper presents a new approach to measuring the intergenerational transmission of well-being and a novel perspective on which measures and what age ranges to use to estimate intergenerational social mobility. We select the measures and the age ranges that best predict important human capital...

Persistent link: https://www.econbiz.de/10014249237

One or many knowledge production functions? : Mapping innovative activity using microdata

Conte, Andrea (contributor); Vivarelli, Marco (contributor) - 2005

subsample of 2,949 firms from the third European Community Innovation Survey (CIS 3). A bivariate probit analysis framework is … innovation intensity. This paper also discusses an alternative test procedure that permits an extension of Cragg's test in the … analysis of survey data with weighted observations. Results show that R&D is strictly linked to product innovation, while TA is …

Persistent link: https://www.econbiz.de/10003222506

The stairways to heaven : a model of career choice in sports and games, with an application to chess

Ariga, Ken; Brunello, Giorgio; Iwahashi, Roki; Rocco, … - 2008

We model individual careers in sports and games from initial entry to eventual exit or success as a discrete-choice, finite-horizon optimization problem. We apply this model to the international game of chess and study cross-country differences in the relative success of players. While we find...

Persistent link: https://www.econbiz.de/10003646733

Gender differences in risk aversion and ambiguity aversion

Borghans, Lex; Golsteyn, Bart H.H.; Heckman, James J.; … - 2009

This paper demonstrates gender differences in risk aversion and ambiguity aversion. It also contributes to a growing literature relating economic preference parameters to psychological measures by asking whether variations in preference parameters among persons, and in particular across genders,...

Persistent link: https://www.econbiz.de/10003808595

Managers' risk preferences and firm training investments

Caliendo, Marco; Cobb-Clark, Deborah A.; Pfeifer, Harald; … - 2022

We provide the first estimates of the impact of managers' risk preferences on their training allocation decisions. Our conceptual framework links managers' risk preferences to firms' training decisions through the bonuses they expect to receive. Risk-averse managers are expected to select...

Persistent link: https://www.econbiz.de/10012820689

Risk preferences and training investments

Caliendo, Marco; Cobb-Clark, Deborah A.; Obst, Cosima; … - 2020

We analyze workers' risk preferences and training investments. Our conceptual framework differentiates between the investment risk and insurance mechanisms underpinning training decisions. Investment risk leads risk-averse workers to train less; they undertake more training if it insures them...

Persistent link: https://www.econbiz.de/10012306154