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on Neuroeconomics |
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Issue of 2014‒08‒28
three papers chosen by |
| By: | Francesca Cornaglia; Warn N. Lekfuangfu; Nattavudh Powdthavee; Nele Warrinnier |
| Abstract: | We propose a model in which parents have a subjective belief about the impact of their investment on the early skill formation of their children. This subjective belief is determined in part by locus of control (LOC), i.e., the extent to which individuals believe that their actions can influence future outcomes. Using a unique British cohort survey, we show that maternal LOC measured during the 1st-trimester strongly predicts early and late child cognitive and noncognitive outcomes. Further, we utilize the variation in maternal LOC to improve the specification typically used in the estimation of parental investment effects on child development. |
| Keywords: | Locus of control, parental investment, human capital accumulation, early skill formation, ALSPAC |
| JEL: | J01 I31 |
| Date: | 2014–08 |
| URL: | http://d.repec.org/n?u=RePEc:cep:cepdps:dp1293&r=neu |
| By: | Anna Dreber; Drew Fudenberg; David K Levine; David G Rand |
| Date: | 2014–08–07 |
| URL: | http://d.repec.org/n?u=RePEc:cla:levarc:786969000000000962&r=neu |
| By: | Peter A. Savelyev (Vanderbilt University, Department of Economics) |
| Abstract: | Based on the 1922–1991 Terman data of children with high ability, I investigate the effects of childhood psychological skills and post-compulsory education on longevity. I identify causal effects and account for measurement error using factor-analytic methodology (Heckman et al., 2006). Latent class analysis supports the causal interpretation of results. For males, I find strong effects of psychological skills and education on longevity and an interaction between personality and education. Results are in line with the IV literature. For females, who are born around 1910 and live longer than men, I find no effects of education and personality on longevity. |
| Keywords: | longevity, survival function, life expectancy, value of longevity, post-compulsory education, IQ, personality skills, Big Five, average treatment effect, Terman Data of Children with High Ability, gender difference |
| JEL: | I1 C1 |
| Date: | 2014–08–04 |
| URL: | http://d.repec.org/n?u=RePEc:van:wpaper:vuecon-sub-14-00007&r=neu |