Given that divorce often represents an income gamble, we ask how individual levels of risk tolerance affect the decision to divorce. Instead of choosing divorce whenever its expected utility exceeds the expected utility of continued marriage, risk averse individuals should require additional...

Researchers often identify degree effects by including degree attainment (D) and years of schooling (S) in a wage model, yet the source of independent variation in these measures is not well understood. We argue that S is negatively correlated with ability among degree-holders because the most...

We demonstrate that empirical evidence of employer learning is sensitive to how one defines the career start date and, in turn, measures cumulative work experience. Arcidiacono, Bayer, and Hizmo (2010) find evidence of employer learning for high school graduates but not for college graduates,...

This study examined the role of cognitive ability in moderating grit's predictive effect on educational outcomes. Using a large, representative sample of young adults, we estimated multivariate regression models for the probability of graduating from high school, enrolling in college, earning...

Economists have invested a great deal of effort in trying to understand the motivation for family transfers, yet recent empirical work testing the seemingly appealing models of altruism and exchange has led to decidedly mixed results. A major stumbling block has been the lack of adequate data....

Economists have invested a great deal of effort in trying to understand the motivation for family transfers, yet recent empirical work testing the seemingly appealing models of altruism and exchange has led to decidedly mixed results. A major stumbling block has been the lack of adequate data....

Most studies of union formation focus on short-term probabilities of marrying, cohabiting, or divorcing in the next year. In this study, we take a long-term perspective by considering joint probabilities of marrying or cohabiting by certain ages and maintaining the unions for at least 8, 12, or...

We demonstrate that empirical evidence of employer learning is sensitive to how we define the career start date and, in turn, measure cumulative work experience. Arcidiacono et al. (2010) find evidence of employer learning for high school graduates but not for college graduates, and conclude...