Showing 1 - 10 of 143
Research on behavioral economics has established the importance of factors such as reference dependent preferences, hyperbolic discounting, and the value placed on non-financial rewards. To date, these insights have had little impact on the way the educational system operates. Through a series...
Persistent link: https://www.econbiz.de/10012460496
We examine the extent to which children are exposed to the welfare system through their mother's receipt of benefits … Longitudinal Survey of Youth (NLSY), we find that children's welfare exposure is substantial. By age 10 over one-third of all … children will have lived in a welfare household; black, non-Hispanic children face a much higher rate of exposure. Simple …
Persistent link: https://www.econbiz.de/10012471252
The stylized fact that individuals who come from families with more children are disadvantaged in the schooling process … children's educational achievement might be spurious. We extend these recent analyses of spuriousness versus causality using a … sibship size on children's private school attendance and on their likelihood of being held back in school. Specifically, we …
Persistent link: https://www.econbiz.de/10012467382
Using birth certificates matched to schooling records for Florida children born 1992-2002, we assess whether family … gap in neonatal health. We conclude that the gender gap among black children is larger than among white children in … substantial part because black children are raised in more disadvantaged families …
Persistent link: https://www.econbiz.de/10012456408
While several types of mental illness, including substance abuse disorders, have been linked with poor labor market outcomes, no current research has been able to examine the effects of childhood ADHD. As ADHD has become one of the most prevalent childhood mental conditions, it is useful to...
Persistent link: https://www.econbiz.de/10012459976
Parents may have important effects on their children, but little work in economics explores whether children …'s schooling opportunities crowd out or encourage parents' investment in children. We analyze data from the Head Start Impact Study …, which granted randomly-chosen preschool-aged children the opportunity to attend Head Start. We find that Head Start causes a …
Persistent link: https://www.econbiz.de/10012460953
Periodic sharp sustained increases and then reversals in asset prices lead many to posit irrational price bubbles. The general case for irrationality is that real asset prices simply have moved too much given the future real cash flows the assets are reasonably likely to produce. A corollary for...
Persistent link: https://www.econbiz.de/10012467354
Risk preferences play a fundamental role in individuals' economic decision-making. We examine whether the historical macroeconomic environment shapes individuals' willingness to take risks. Using nationally representative samples from Japan and exploiting regional variation in economic...
Persistent link: https://www.econbiz.de/10012480296
We study whether banks are riskier if managers have less liability. We focus on New England between 1867 and 1880 and consider the introduction of marital property laws that limited liability for newly wedded bankers. We find that banks with managers who married after a legal change had more...
Persistent link: https://www.econbiz.de/10012480651
This paper jointly estimates the relationship between stock share and expectations and risk preferences. The survey allows individual-level, quantitative estimates of risk tolerance and of the perceived mean and variance of stock returns. These estimates have economically and statistically...
Persistent link: https://www.econbiz.de/10012480920