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Cognition and economic outcomes in the health and retirement survey

MacArdle, John J.; Smith, James P.; Willis, Robert - 2009

Dimensions of cognitive skills are potentially important but often neglected determinants of the central economic outcomes that shape overall well-being over the life course. There exists enormous variation among households in their rates of wealth accumulation, their holdings of financial...

Persistent link: https://www.econbiz.de/10010269015

Toward the integration of personality theory and decision theory in the explanation of economic and health behavior

Rustichini, Aldo; DeYoung, Colin G.; Anderson, Jon; … - 2012

emphasizing variables derived from formal decision theory. In a data set on trainee truckers in a large US company, we provide a … comparing the predictive power of measurements derived from personality theory and decision theory for several individual …. Further, decision theory and personality variables are meaningfully related. For example, we confirm that cognitive ability …

Persistent link: https://www.econbiz.de/10010287694

Cognitive skills explain economic preferences, strategic behavior, and job attachment

Burks, Stephen V.; Carpenter, Jeffrey P.; Götte, Lorenz; … - 2008

Economic analysis has said little about how an individual's cognitive skills (CS's) are related to the individual's preferences in different choice domains, such as risk-taking or saving, and how preferences in different domains are related to each other. Using a sample of 1,000 trainee truckers...

Persistent link: https://www.econbiz.de/10010268681

Economic conditions at the time of birth and cognitive abilities late in life: Evidence from eleven European countries

Doblhammer, Gabriele; van den Berg, Gerard J.; Fritze, … - 2011

With ageing populations and a stronger reliance on individual financial decision-making concerning asset portfolios … changes in the early life economic environment on late life cognition. In European countries, about three to four economic …

Persistent link: https://www.econbiz.de/10010280717

Hard evidence on soft skills

Heckman, James J.; Kautz, Tim - 2012

This paper summarizes recent evidence on what achievement tests measure; how achievement tests relate to other measures of cognitive ability like IQ and grades; the important skills that achievement tests miss or mismeasure, and how much these skills matter in life. Achievement tests miss, or...

Persistent link: https://www.econbiz.de/10010282367

Cognitive abilities and behavioral biases

Oechssler, Jörg; Roider, Andreas; Schmitz, Patrick W. - 2008

We use a simple, three-item test for cognitive abilities to investigate whether established behavioral biases that play a prominent role in behavioral economics and finance are related to cognitive abilities. We find that higher test scores on the Cognitive Reflection Test of Frederick (2005)...

Persistent link: https://www.econbiz.de/10010269260

Maternal employment and adolescent development

Ruhm, Christopher J. - 2005

This study investigates how maternal employment is related to the outcomes of 10 and 11 year olds, controlling for a wide variety of child, mother and family characteristics. The results suggest that limited amounts of work by mothers benefit youths who are relatively disadvantaged and even long...

Persistent link: https://www.econbiz.de/10010267643

Child care subsidies and child development

Herbst, Chris M.; Tekin, Erdal - 2008

Child care subsidies are an important part of federal and state efforts to move welfare recipients into employment. One of the criticisms of the current subsidy system, however, is that it overemphasizes work and does little to encourage parents to purchase high-quality child care. Consequently,...

Persistent link: https://www.econbiz.de/10010269366

Re-constructing childhood health histories

Smith, James P. - 2009

This paper provides evidence about the quality of retrospective childhood health histories given to respondents in the HRS and the PSID. Even though information on early life health events is critical, there is legitimate skepticism about the ability of older respondents to remember specific...

Persistent link: https://www.econbiz.de/10010271232

Do better schools lead to more growth? Cognitive skills, economic outcomes, and causation

Hanushek, Eric Alan; Woessmann, Ludger - 2009

We investigate whether a causal interpretation of the robust association between cognitive skills and economic growth is appropriate and whether cross-country evidence supports a case for the economic benefits of effective school policy. We develop a new common metric that allows tracking...

Persistent link: https://www.econbiz.de/10010274179

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