Showing 1 - 10 of 79
We study the propagation of nominal shocks in a dispersed information economy where firms learn from and respond to information generated by their activities in product and factor markets. We prove the existence of a "Hayekian benchmark", defined by conditions under which imperfect information...
Persistent link: https://www.econbiz.de/10015145165
sources of heterogeneity (both of which can clearly account for the variation in wages and wage growth rates): learning …
Persistent link: https://www.econbiz.de/10012467656
Young children in poor communities are spending more hours in non-parental care due to policy reforms and expansion of early childhood programs. Studies show positive effects of high-quality center-based care on children's cognitive growth. Yet we know little about the effects of center care...
Persistent link: https://www.econbiz.de/10012468743
We analyze the behavior of game-show contestants who play a one-shot game called Friend or Foe. While it is a weakly dominant strategy not to cooperate, almost half the contestants on the show choose to play friend.' Remarkably, the behavior of contestants remains unchanged even when stakes are...
Persistent link: https://www.econbiz.de/10012468893
We examine how a social stigma of seeking information can inhibit learning. Consider a Seeker of uncertain ability who …
Persistent link: https://www.econbiz.de/10012480821
learning. We compute system-wide measures using administrative data from the country of Colombia that link social security … and learning productivities are far from perfectly correlated, with private institutions receiving relatively higher … rankings under earning measures than under learning measures; 2) earning measures are significantly more correlated with …
Persistent link: https://www.econbiz.de/10012455955
We document that individuals who grew up in areas with high density of firms are more likely, as adults, to become entrepreneurs, controlling for the density of firms in their current location. Conditional on becoming entrepreneurs, the same individuals are also more likely to be successful...
Persistent link: https://www.econbiz.de/10012456896
Learning about marriage quality has been proposed as a key mechanism for explaining how the probability of divorce … divorce, three of which include learning. I use data from the Survey of Income and Program Participation to test reduced form … implications of these models. The data is inconsistent with models including a substantial amount of learning. On the other hand …
Persistent link: https://www.econbiz.de/10012456910
We develop and estimate a model of student study time on a social network. The model is designed to exploit unique data collected in the Berea Panel Study. Study time data allow us to quantify an intuitive mechanism for academic social interactions: own study time may depend on friend study time...
Persistent link: https://www.econbiz.de/10012457250
by a worker for learning those skills. This measure arises naturally in a dynamic model of occupational choice and human … capital accumulation with multidimensional skills and Bayesian learning about one's ability to learn skills. Not only does …
Persistent link: https://www.econbiz.de/10012457292