The recent financial crisis has affected most countries. With cutbacks in business, trade and government spending, millions world-wide have lost their jobs, with young people disproportionately affected. This paper synthesizes the thoughts expressed during an interdisciplinary discussion held in...

We propose a simple short-cut to the problem of estimating endogenous peer effects from observed behavior: asking students about peers' ability and their own effort. Our survey evidence indicates that students believe in own-peer complementarities in educational production.

We examine the nature of stated subjective probabilities in a complex, evolving context in which true event probabilities are not within subjects' explicit information set. Specifically, we collect information on subjective expectations in a car race wherein participants must bet on a particular...

type="main" xml:lang="en" <title type="main">Abstract</title> <p>The increasing availability of large-N datasets on students, schools and student achievement has produced an explosion of research in education economics over the past 20 years. In this data survey, we first review the micro-level education datasets presently...</p>

Researchers analysing time-use data often estimate limited dependent variable models because time spent must be nonnegative and cannot be more than the total amount of time in a given observation period. While the traditional empirical technique applied to such cases is maximum likelihood...

Some beginning students of statistics and econometrics have difficulty with traditional algebraic approaches to explaining regression and related techniques. For these students, a simple and intuitive diagrammatic introduction as advocated by Kennedy (2008) may prove a useful framework to...

International students, who are also often from non-English language speaking backgrounds (NESB students), are an important source of revenue for Australian universities. Yet little large-scale evidence exists about their performance once they arrive. Do these students perform worse than other...

In this paper, we present and test the empirical implications of competing theories about how expectations of outcomes affect utility. In the first utility formulation, which is consistent with particular interpretations of disappointment, prospect theory and regret theory, individuals receive...