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The distribution of economic education among US college graduates is quite unequal: female and underrepresented minority undergraduates, collectively, major in economics at 0.36 the rate that white, non-Hispanic male students do. This paper makes a four-part contribution to address this...
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Does advertising help consumers to find the products they need or push them to buy products they don't need? In this … paper, we study the effects of advertising on consumer mistakes and quantify the resulting effect on consumer welfare in the …'s exposure to direct mail refinance advertising and their subsequent refinancing decisions. Even though on average borrowers …
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