This paper provides large-scale evidence linking the economic effects of childcare programs to social skills measured in adulthood. We examine Finland's first national public childcare program, and document that it increased parental labor supply - through retirement - while reducing the...

We study the spillover effects of cognitive decline in one member of a coupled household on the financial outcomes of their partner and assess how "own" and spillover effects are moderated by the structure of household financial decision-making. We use a large, nationally representative...

Identifying sensitive periods in which the returns to investments into skills are especially high is challenging, but crucial for an effective and efficient timing of parental or public investments aimed at fostering children's skills. We can detect sensitive periods with a novel design by...

This study analyzes, for the first time, the effect of increases in the minimum wage on the labor market outcomes of working age adults with cognitive disabilities, a vulnerable and low-skilled sector of the actual and potential labor pool. Using data from the American Community Survey...

Interactive decision-making relies on strategic reasoning. Two prominent frameworks capture this idea. One follows a structural perspective, exemplified by level-k and Cognitive Hierarchy models, which represent reasoning as an algorithmic process. The other adopts an epistemic perspective,...

This paper estimates the short-run impact of parental risky behaviors on multiple dimensions of child development using 30 years of data from a representative Russian longitudinal survey. We use factor analysis to construct a composite index of parental risky behaviors and health habits. The...

The behavioral theory of the firm explains how firms react to performance feedback, yet little is known about how firms integrate backward-looking feedback with forward-looking assessments of market opportunity. This study proposes and tests a retrenchment model grounded in SWOT-based behavioral...

Massive Open Online Courses (MOOCs) and the broad adoption of distance learning over the past few years have caused a remarkable shift in the educational landscape. However, the vast majority of available MOOCs often challenge learners in selecting courses that align with their academic goals,...

Hyperbolic discounting, a key determinant of intertemporal behavior, captures individuals' preferences for smaller immediate rewards over larger delayed ones. This study examined how hyperbolic discounting influences investment loss tolerance using a large-scale dataset of Japanese investors....

This study examines the moderating role of entrepreneurs' creative cognitive styles in the relationship between resource constraints and bricolage. Drawing on insights from cognitive psychology and entrepreneurial research, we explore how divergent and convergent thinking influence the extent to...

Business models often transform due to adaptation in response to external changes. However, relatively little is known about what causes these types of adaptations. We suggest that threat-rigidity as well as prospect theory have the potential to explain what causes business model adaptation in...

This study investigates the impact of Machiavellian leadership on team creativity through the mediating role of cross-understanding and the moderating effect of task interdependence. While prior research has emphasized the negative consequences of Machiavellian tendencies, we argue that in...

Debates about when and whether (partisan) directional motives influence information processing are hard to resolve because rational and motivated learning often look similar. We develop an experimental design to distinguish between these possibilities which focuses on the order in which...

A prominent explanation for the motherhood wage penalty is human capital loss during career interruptions around childbirth. This study provides first direct evidence on this mechanism by examining whether longer parenting leave reduces mothers' work-relevant skills. Using a newly constructed...

We develop a micro-founded framework to account for individuals' effort and cognitive noise which confound estimates of preferences based on observed behavior. Using a large-scale experimental dataset we find that observed decision noise responds to the costs and benefits of exerting effort on...

This study investigated the effects of bullying victimization on cognitive, school engagement, and friendship outcomes using panel data collected from elementary school students in a Japanese city. Employing a value-added model that controls for prior outcomes, our findings revealed that...

This study examines the public's adoption preferences for China's central bank digital currency (e-CNY) through an improved Unified Theory of Acceptance and Use of Technology framework. Analyzing 3509 consumer and 1630 retailer questionnaires, we investigate five psychological dimensions:...

This study examines how SNAP participation may affect age-related cognitive decline among cognitively intact older adults over 10 years. Leveraging a longitudinal survey of SNAP-eligible participants in the Health and Retirement Study (HRS) collected biennially from 2010 to 2020, we estimate the...

Nearly 200 million children under five in low- and middle-income countries face developmental deficits, even as access to early childhood services expands. We present evidence from a large-scale randomized controlled trial (N=3,131 children in 201 schools) in Nepal's government system testing...

Several behavioral models assume that choice over multi-attribute goods is systematically affected by the ranges of attribute values. Two recurring principles in this literature are contrast, whereby attributes with larger ranges attract attention and are therefore overweighted, and...