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A model of overconfidence
Weinberg, Bruce A. - 2009
People use information about their ability to choose tasks. If more challenging tasks provide more accurate information about ability, people who care about and who are risk averse over their perception of their own ability will choose tasks that are not sufficiently challenging. Overestimation...
Persistent link: https://www.econbiz.de/10010269111
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Education and Health: The Role of Cognitive Ability
Bijwaard, Govert; van Kippersluis, Hans; Veenman, Justus - 2013
We aim to disentangle the relative contributions of (i) cognitive ability, and (ii) education on health and mortality … measures of cognitive ability and family background at age 12. The data are subsequently linked to the mortality register 1995 …-2011, such that we observe mortality between ages 55 and 75. The results suggest that the treatment effect of education(i.e. the …
Persistent link: https://www.econbiz.de/10010326267
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Timing of death and the repeal of the Swedish inheritance tax
Eliason, Marcus; Ohlsson, Henry - 2010
incentives. We study how two changes in Swedish inheritance taxation 2003/04 and 2004/05 have affected mortality during the turns …
Persistent link: https://www.econbiz.de/10010321395
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Life expectancy, labor supply, and long-run growth: Reconciling theory and evidence
Strulik, Holger; Werner, Katharina - 2012
We set up a simple overlapping generation model that allows us to distinguish between life expectancy and active life expectancy. We show that individuals optimally adjust to a longer active life by educating more and, if the labor supply elasticity is high enough, by supplying less labor. When...
Persistent link: https://www.econbiz.de/10010311688
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Interactions between workers and the technology of production: evidence from professional baseball
Gould, Eric D.; Winter, Eyal - 2007
This paper examines how the effort choices of workers within the same firm interact with each other. In contrast to the existing literature, we show that workers can affect the productivity of their co-workers based on income maximization considerations, rather than relying on behavioral...
Persistent link: https://www.econbiz.de/10010268417
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Cognition and economic outcomes in the health and retirement survey
MacArdle, John J.; Smith, James P.; Willis, Robert - 2009
Dimensions of cognitive skills are potentially important but often neglected determinants of the central economic outcomes that shape overall well-being over the life course. There exists enormous variation among households in their rates of wealth accumulation, their holdings of financial...
Persistent link: https://www.econbiz.de/10010269015
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Education, Cognition, Health Knowledge, and Health Behavior
Mocan, Naci; Altindag, Duha T. - 2013
education on health behavior is the same between those with and without a learning disability, suggesting that cognition is not …
Persistent link: https://www.econbiz.de/10010500243
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Does laboratory trading mirror behavior in real world markets?: fair bargaining and competitive bidding on EBay
Bolton, Gary E.; Ockenfels, Axel - 2008
We conducted a controlled field experiment on eBay and examined to what extent both social and competitive laboratory behavior is robust to institutionally complex real world markets with experienced traders, who selected themselves into these markets. EBay's natural trading system provides...
Persistent link: https://www.econbiz.de/10010264320
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The behavioralist goes to school: Leveraging behavioral economics to improve educational performance
Levitt, Steven D.; List, John A.; Neckermann, Susanne; … - 2012
Decades of research on behavioral economics have established the importance of factors that are typically absent from the standard economic framework: reference dependent preferences, hyperbolic preferences, and the value placed on non-financial rewards. To date, these insights have had little...
Persistent link: https://www.econbiz.de/10010309241
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International differences in longevity and health and their economic consequences
Michaud, Pierre-Carl; Goldman, Dana; Lakdawalla, Darius; … - 2009
In 1975, 50 year-old Americans could expect to live slightly longer than their European counterparts. By 2005, American life expectancy at that age has diverged substantially compared to Europe. We find that this growing longevity gap is primarily the symptom of real declines in the health of...
Persistent link: https://www.econbiz.de/10010269620