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Economists have puzzled over why eligible individuals fail to enroll in social safety net programs. "Chilling effects" arising from an icy policy climate are a popular explanation for low program take-up rates among immigrants, but such effects are inherently hard to measure. This paper...
Persistent link: https://www.econbiz.de/10013139139
This paper provides new evidence in support of the idea that bouts of optimism and pessimism drive much of US business cycles. In particular, we begin by using sign-restriction based identification schemes to isolate innovations in optimism or pessimism and we document the extent to which such...
Persistent link: https://www.econbiz.de/10013117561
UK population growth over the past thirty-five years has been remarkably low in comparison with other countries; the population grew by just 7% between 1971 and 2004, less than all the other EU15 countries. The UK population has grown at a faster pace since the turn of the millennium. Both the...
Persistent link: https://www.econbiz.de/10012775790
Community targeting of vote payments — defined as the saturation of entire neighborhoods with cash prior to elections — is widespread in the developing world. In this paper, we utilize laboratory experiments conducted in the U.S. and Kenya to demonstrate that, relative to individual...
Persistent link: https://www.econbiz.de/10012930349
We use a repeated survey of an Italian bank's clients to test whether investors' risk aversion increases following the 2008 financial crisis. We find that both a qualitative and a quantitative measure of risk aversion increases substantially after the crisis. After considering standard...
Persistent link: https://www.econbiz.de/10013077968
explained by the positive association between height and both income and education, both of which are positively linked to …
Persistent link: https://www.econbiz.de/10013134585
We investigate short and long-term effects of early childhood education using variation created by a unique policy …
Persistent link: https://www.econbiz.de/10013124550
In this article we review the literature on financial literacy, financial education, and consumer financial outcomes … addresses whether financial education improves financial literacy or personal financial outcomes. We discuss the extent to which … on the efficacy and cost of financial education. Finally, we discuss directions for future research …
Persistent link: https://www.econbiz.de/10013100358
have advocated increasing the time that elementary school children spend in physical education (PE) classes. However …
Persistent link: https://www.econbiz.de/10013101508
This paper estimates the political and economic effects of the 19th century disenfranchisement of black citizens in the U.S. South. Using adjacent county-pairs that straddle state boundaries, I examine the effect of voting restrictions on political competition, public goods, and factor markets....
Persistent link: https://www.econbiz.de/10013105449