The authors test the frequency of feedback information about the performance of an investment portfolio and the flexibility with which the investor can change the portfolio influence her risk attitude in markets. In line with the prediction of Myopic Loss Aversion (Benartzi and Thaler, 1995),...

We investigate whether omitted family background variables are responsible for high returns to schooloing estimated in Brazil.

When estimating earnings equations for men in the United States, a dichotomous variable for whether or not the man is currently married is often included as a regressor. The coefficient estimate for this variable is most usually large and significant. However, there is rarely much discussion of...

In this paper we examine disparities in the ability to function among older Americans. We place special emphasis on two goals : (1) understanding the quantitatively large socioeconomic status-health gradient, and (2) the persistence in health outcomes over long periods.