We study the influence of risk and time preferences on trust and trustworthiness by conducting a field experiment in Vietnamese villages and by estimating the parameters of the Cumulative Prospect Theory and of quasi-hyperbolic time preferences. We find that while probability sensitivity or risk...

This paper estimates the impact of the Free Education Policy, a major education reform implemented in rural China in 2006, as a natural experiment on the intergenerational transmission of cognitive skills. The identification strategy relies on a difference-in-differences approach and exploits...

This paper analyzes return migrants' occupational choice upon their return to their home village, by using an original rural household survey conducted in Wuwei county (Anhui province, China) in 2008. We apply two complementary approaches : a horizontal comparative analysis of occupational...

It is a common sense that an individual would feel disappointed when his work results overpass other team members while his final reward is determined by the poorest performance of the group. One question is raised: How people decide the level of their working effort in the next period while...

Although a growing body of economic research has focused on the intergenerational transmission of parents’ cognitive abilities to their children’s cognitive development, little is known regarding how family economic constraint impacts this transmission. By exploiting the implementation of...

We report data from double-auction experiments in China and the U.S. using groups of exclusively females, exclusively males and mixed gender participants. We find that female groups in China generate price bubbles statistically identical to those produced by exclusively male groups in both China...