. Frictions in the market for deposits create rents in the financial sector that affect workers' choice of occupation. When rents …

. Frictions in the market for deposits create rents in the financial sector that affect workers' choice of occupation. When rents …

We characterize the bias of propensity score based estimators of common average treatment effect parameters in the case …

about how teachers form expectations and whether their expectations are systematically biased. We investigate whether … student-teacher demographic mismatch affects high school teachers' expectations for students' educational attainment. Using a … student fixed effects strategy that exploits expectations data from two teachers per student, we find that non-black teachers …

. Amongst employees, optimists earn more. These results are consistent with biased expectations leading to entry errors. As a … test of validity, we find that amongst the married, future divorcees have higher financial expectations but their …

distribution over expected future national house price movements. We find similar results for labor market expectations, where we …We use novel survey data to estimate how personal experiences affect household expectations about aggregate economic … systematically extrapolate from recent locally experienced home prices when asked for their expectations about US house price changes …

are driven by status concerns and differences in career expectations. …