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Risk Aversion and Human Capital Investment: A Structural Econometric Model

Brodaty, Thomas; Gary-Bobo, Robert J.; Prieto, Ana - C.E.P.R. Discussion Papers - 2006

We propose to model individual educational investments as a rational decision, maximizing expected utility, conditional on some characteristics observed by the student, under the combined risks affecting future wages and schooling duration. Assuming that students' attitudes toward risk can be...

Persistent link: https://www.econbiz.de/10005123629

Estimation of Class-Size Effects, Using 'Maimonides' Rule': The Case of French Junior High Schools

Gary-Bobo, Robert J.; Mahjoub, Mohamed Badrane - C.E.P.R. Discussion Papers - 2006

Using a rich sample of students from French junior high schools with a panel structure, we obtain small but significant and negative effects of class size on probabilities of educational success, in grades 6 and 7. An 8 to 10 student reduction of class size puts the child of a non-educated...

Persistent link: https://www.econbiz.de/10005123884

The Welfare Effects of Bundling in Multichannel Television Markets

Crawford, Gregory S; Yurukoglu, Ali - C.E.P.R. Discussion Papers - 2011

We measure how the bundling of television channels affects welfare. We estimate an industry model of viewership, demand, pricing, bundling, and input market bargaining using data on ratings, purchases, prices, bundles, and input costs. We conduct simulations of à la carte policies that require...

Persistent link: https://www.econbiz.de/10009001064

Hobbies, Skills and Incentives to Work: The Happy Gardener and the Wealthy Golfer

Sällström, Susanna - C.E.P.R. Discussion Papers - 2007

model explains the economic origins of culture. It was no accident that the intricate steps of tango emerged in the shabby …

Persistent link: https://www.econbiz.de/10005504741

Culture, Institutions and Democratization

Gorodnichenko, Yuriy; Roland, Gérard - C.E.P.R. Discussion Papers - 2015

We construct a model of revolution and transition to democracy under an individualistic and a collectivist culture. The … culture are more likely to end up adopting democracy faster than countries with a collectivist culture. Our instrumental … variable estimation suggests a strong and robust effect of individualistic culture on average polity scores and length of …

Persistent link: https://www.econbiz.de/10011266531

Culture, Languages, and Economics

Ginsburgh, Victor; Weber, Shlomo - C.E.P.R. Discussion Papers - 2013

The impact of various facets of cultural diversity on economic outcomes has become a topic of intensive research in economics. This paper focuses on linguistic diversity as one of the important aspects of cultural heterogeneity, and more specifically, The aim of this paper is to formally examine...

Persistent link: https://www.econbiz.de/10011083315

Migration, Friendship Ties, and Cultural Assimilation

Facchini, Giovanni; Patacchini, Eleonora; Steinhardt, Max - C.E.P.R. Discussion Papers - 2014

In this paper we contribute to the analysis of the assimilation process of migrants by analyzing the extent to which friendship with natives can be seen as a measure of cultural assimilation and investigating the formation of social ties in the host country. Using novel information from the...

Persistent link: https://www.econbiz.de/10011083380

Culture: Persistence and Evolution

Giavazzi, Francesco; Petkov, Ivan; Schiantarelli, Fabio - C.E.P.R. Discussion Papers - 2014

persistence than previously thought. Finally, we show that persistence is “culture specific" in the sense that the country from …

Persistent link: https://www.econbiz.de/10011083563

Persistent effects of empires: Evidence from the partitions of Poland

Grosfeld, Irena; Zhuravskaya, Ekaterina - C.E.P.R. Discussion Papers - 2013

We use spatial regression discontinuity analysis to test whether the historical partition of Poland among three empires—Russia, Austria-Hungary, and Prussia—has a persistent effect on political outcomes in contemporary Poland and to examine the channels of this influence. We find that the...

Persistent link: https://www.econbiz.de/10011083639

The Causal Impact of Common Native Language on International Trade: Evidence from a Spatial Regression Discontinuity Design

Egger, Peter; Lassmann, Andrea - C.E.P.R. Discussion Papers - 2013

This paper studies the causal effect of sharing a common native language on international trade. Switzerland is a multilingual country that hosts four official language groups of which three are major (French, German, and Italian). These groups of native language speakers are geographically...

Persistent link: https://www.econbiz.de/10011083655