We examine theoretically and empirically social interactions in labor markets and how policy prescriptions can change dramatically when there are social interactions present.

Our research examines the effect of interdependence on estimation and interpretation of earnings/labor supply equations. We consider the cases of (1) a positive spillover from others' labor supplied and (2) a need for conformity with others' labor supplied. Qualitative and quantitative...

In this article, the authors describe a field experiment in the classroom where principles of micro- economics students are randomly assigned into homework-required and not-required groups. The authors find that homework plays an important role in student learning, especially so for students who...

We estimate subjective equivalence scales for the whole Euro Zone as well as its individual constituent countries using the European Income and Living Conditions (SILC) data. Importantly, by using minimum needs income question our approach does not require the specification of a complete social...

Abstract: Although academic ability is the most important explanatory variable in studies of student learning, researchers control for it with a wide array and combinations of proxies. The authors investigated how the proxy choice affects estimates of undergraduate student learning by testing...