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Education and Religion NBER

Details: Education and Religion. Bruce Sacerdote & Edward L. Glaeser. Working Paper 8080. DOI 10.3386/w8080. Issue Date January 2001. In the United States, religious attendance rises sharply with education across individuals, but religious attendance declines sharply with education across denominations. This puzzle is explained if education both

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Genetic Endowments, Income Dynamics, and Wealth …

Details: DOI 10.3386/w30350. Issue Date August 2022. We develop and estimate a life-cycle consumption savings model in which observed genetic variation is allowed to affect wealth accumulation through several distinct channels. We focus on genetic markers that predict educational attainment, aggregated into a predictive index called a polygenic score.

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Overconfidence and Technology Adoption in Health Care …

Details: Overconfidence and Technology Adoption in Health Care. Diego A. Comin, Jonathan S. Skinner & Douglas O. Staiger. Working Paper 30345. DOI 10.3386/w30345. Issue Date August 2022. Variation in technology adoption is a key driver of differences in productivity. Previous studies sought to explain variations in technology adoption by heterogeneity

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Imagining the Future: Memory, Simulation and Beliefs …

Details: A 2020 US survey of beliefs about the lethality of Covid reveals that the elderly underestimate, and the young overestimate, their own risks, and that people with more health adversities are more pessimistic, even for others. A model in which people selectively recall frequent and similar past experiences, including from other domains, and use

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Overreaction and Diagnostic Expectations in …

Details: We present the case for the centrality of overreaction in expectations for addressing important challenges in finance and macroeconomics. First, non-rational expectations by market participants can be measured and modeled in ways that address some of the key challenges posed by the rational expectations revolution, most importantly the idea that …

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Gendered Ageism and Disablism and Employment of …

Details: DOI 10.3386/w30355. Issue Date August 2022. Gendered discrimination based on age and disability is a pressing issue, because this discrimination can interfere with the goal of lengthening work lives, especially for older women. In the United States, the Age Discrimination in Employment Act and the Americans with Disabilities Act prohibit age

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The Next Wave of Energy Innovation: Which …

Details: Working Papers. The Next Wave of Energy Innovation:…. The Next Wave of Energy Innovation: Which Technologies? Which Skills? David Popp, Francesco Vona, Myriam Gregoire-Zawilski & Giovanni Marin. Working Paper 30343. DOI 10.3386/w30343. Issue Date August 2022. The costs of low-carbon energy fell dramatically over the past decade, leading to

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Invention Value, Inventive Capability and the Large Firm …

Details: Using a sample of 2,786 public corporations, and measures of both patent quality and patent value, we find that, while average invention value rises with size, average invention quality declines, suggesting, per our model, that the large firm advantage is not due to superior inventive capability, but due to the superior ability to extract value.

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Intergenerational Spillover Effects of Language Training …

Details: We show that a reform in Denmark in 1999, that expanded language training for adult refugees and improved their economic integration, had significant intergenerational spillover effects in terms of higher completion rates from lower secondary school and lower juvenile crime rates. The effects on crime are driven by boys who were below school

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Agency, Gender, and Endowments Effects in the Efficiency …

Details: We conduct a novel lab experiment in which pairs of subjects make separable decisions about allocative efficiency and equity in different agency structures. In terms of equity, subjects appropriate all surplus when they can, and share equally when they have to negotiate. They achieve high efficiency

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Spending and Job-Finding Impacts of Expanded Unemployment …

Details: We show that the largest increase in unemployment benefits in U.S. history had large spending impacts and small job-finding impacts. This finding has three implications. First, increased benefits were important for explaining aggregate spending dynamics—but not employment dynamics—during the

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What Do Parents Value in Education

Details: The authors suggest several potential explanations for this finding. First, they note that education should be viewed as a consumption good as well as an investment good, and that it is possible that wealthier parents simply place a higher premium on the consumption value of schooling. Second, the authors note that these findings are consistent

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What Do Long Data Tell Us About the Inflation Hike Post COVID …

Details: By contrast, the period 1900-1954 is plagued with sudden inflation hikes---including one around the 1918 Spanish flu pandemic---which the estimated model endogenously recalls and uses to interpret inflation around the COVID-19 episode. This result suggests that prewar data might be of use to understand recent inflation dynamics.

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Externalities in the Wildland

Details: Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, and business professionals.

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Scapegoating and Discrimination in Times of Crisis: Evidence from

Details: Scapegoating and Discrimination in Times of Crisis: Evidence from Airbnb. Michael Luca, Elizaveta Pronkina & Michelangelo Rossi. Working Paper 30344. DOI 10.3386/w30344. Issue Date August 2022. We present evidence that discrimination against Asian-American Airbnb users sharply increased at the start of the COVID-19 pandemic.

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Behavioral Economics of Education: Progress and Possibilities

Details: Behavioral Economics of Education: Progress and Possibilities. Behavioral economics attempts to integrate insights from psychology, neuroscience, and sociology in order to better predict individual outcomes and develop more effective policy. While the field has been successfully applied to many areas, education has, so far, received less

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What Can Time-Series Regressions Tell Us About Policy …

Details: What Can Time-Series Regressions Tell Us About Policy Counterfactuals? Christian K. Wolf & Alisdair McKay. Working Paper 30358. DOI 10.3386/w30358. Issue Date August 2022. We show that, in a general family of linearized structural macroeconomic models, knowledge of the empirically estimable causal effects of contemporaneous and news shocks to

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Human Capital: A Theoretical and Empirical Analysis with Special

Details: Human Capital is Becker’s classic study of how investment in an individual’s education and training is similar to business investments in equipment. Recipient of the 1992 Nobel Prize in Economic Science, Gary S. Becker is a pioneer of applying economic analysis to human behavior in such areas as discrimination, marriage, family relations, and education.

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HEARTSPOT: Implementation and Rigorous Evaluation of a …

Details: In the coming period, we will conduct a RCT assessing the real-world effectiveness of a new augmented intelligence (AI) algorithm to optimize testing for acute coronary syndrome in emergency departments.

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