We propose that, when individuals are deciding where to live, they care about the position in the income distribution in their prospective location. To test this hypothesis, we develop a new methodology to estimate preferences over location characteristics that combines choice data, survey data...

Do individuals care about their relative income? While this is a long-standing hypothesis, revealed-preference evidence remains elusive. We provide a unique test by studying residential choices: individuals often must choose between places with different income distributions, and as a result...

We provide unique revealed-preference evidence that, when choosing where to live, individuals care about their position in the income distribution. We study the decisions of senior medical students in the National Resident Matching Program (NRMP). They must choose between programs that offer...

At least a quarter of college students in the United States graduate with more than one undergraduate major. This paper investigates how students decide on the composition of their paired majors - in other words, whether the majors chosen are substitutes or complements. Since students use both...

Males and females are markedly different in their choice of college major. Two main reasons have been suggested for the gender gap: differences in innate abilities and differences in preferences. This paper addresses the question of how college majors are chosen, focusing on the underlying...

This paper investigates how college students update their future earnings beliefs using a unique 'information' experiment: We provide college students true information about the population distribution of earnings, and observe how this information causes them to update their future earnings...