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 use a unique firm-level data set merging administrative information on average wagespaid by firms by skill level (blue collars and white collars), Population Census information onthe local stock of human capital available to firms and survey information on firmcharacteristics to investigate...

We combine two empirical observations in a general equilibrium occupational choice model.The first is that entrepreneurs have more control than employees over the employment ofand accruals from assets, such as human capital. The second observation is thatentrepreneurs enjoy higher returns to...

Both the European Community, its member countries and the United States have stimulated schools to implement entrepreneurship programs into schooling curricula on a large scale, based on the idea that entrepreneurial competencies and mindsets must be developed at school. The leading and...

In this paper we relate the economics of labeling genetically modified (GM) products to thetheory of grading and minimum quality standards. The model represents three stages in thesupply chain (farm production, marketing handlers, and final users) and allows explicitly for theaccidental...

The facts of social sciences are ones that stem from scientificexpertise, but in the social world, everyone is their own expert.Everyone lives in society, and experiences either first-hand, orclosely second-hand, the same phenomena that social scientistsinvestigate. Consequently, people are not...