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Fungibility of money is a central principle in economics. It implies that any unit of money is substitutable for another and that the composition of income is irrelevant for consumption. We find in a field experiment that even in a simple, incentivized setup many subjects do not treat money as...
Persistent link: https://www.econbiz.de/10003716538
The confirmation bias is a well-known form of motivated reasoning that serves to protect an individual from cognitive discomfort. Hearing rival viewpoints or belief-opposing information creates cognitive dissonance, and so avoiding exposure to, or discounting the validity of, dissonant...
Persistent link: https://www.econbiz.de/10013286207
This report analyzes the employment and unemployment experiences of adult foreign-born men, both among themselves and in comparison with the native born. The empirical analysis uses microdata from the 1990 Census of Population. Three dependent variables are analyzed, weeks worked (employment) in...
Persistent link: https://www.econbiz.de/10011325990
Using microdata from the 1960-2000 decennial censuses, this paper explores how large initial differences in immigrant earnings by country of origin change with duration in the United States. One analysis reveals that country of origin adds less to the explanation of earnings, among working-age...
Persistent link: https://www.econbiz.de/10010434496
We study the health determinants of immigrant men and women over the age of fifty, in Europe, and compare them to natives. We utilize the unique Survey of Health Aging and Retirement (SHARE) and augmented it with macroeconomic information on the 22 home countries and 16 host countries. Using...
Persistent link: https://www.econbiz.de/10010463406
We develop and evaluate experimentally a novel tool that redesigns the job search process by providing tailored advice at low cost. We invited job seekers to our computer facilities for 12 consecutive weekly sessions to search for real jobs on our web interface. For half, instead of relying on...
Persistent link: https://www.econbiz.de/10011517468
and are nationally representative of the Chinese population in this age span. Our measures of cognition in CHARLS relies … on two measures that proxy for different dimensions of adult cognition - episodic memory and intact mental status. We … people. These gender differences in cognition are especially concentrated in the older age groups and poorer communities …
Persistent link: https://www.econbiz.de/10009786484
ability to that of character skills, and find that both cognition and personality affect behavior and learning. More agreeable …
Persistent link: https://www.econbiz.de/10010364492
. As retirement is potentially endogenous with respect to cognition, instrumental variable (IV) methods are also used. The … estimations are used, the effect of retirement on cognition is negative but statistically insignificant. Differences between OLS …
Persistent link: https://www.econbiz.de/10011455644
Health at birth is an important indicator of human capital development over the life course. This paper uses longitudinal data from the Young Lives survey and employs instrumental variable regression models to estimate the effect of birth weight on cognitive development during childhood in...
Persistent link: https://www.econbiz.de/10013168222