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on Neuroeconomics |
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Issue of 2014‒12‒13
four papers chosen by |
| By: | Del Bono, Emilia (ISER, University of Essex); Francesconi, Marco (University of Essex); Kelly, Yvonne (University College London); Sacker, Amanda (University College London) |
| Abstract: | Using large longitudinal survey data from the UK Millennium Cohort Study, this paper estimates the effect of maternal time inputs on early child development. We find that maternal time is a quantitatively important determinant of skill formation and that its effect declines with child age. There is evidence of a long shadow of the effect of early maternal time inputs on later outcomes, especially in the case of cognitive skill development. In the case of non-cognitive development, this effect disappears when we account for skill persistence. |
| Keywords: | education production functions, early interventions, cognitive and non-cognitive skill formation |
| JEL: | J24 J15 I20 |
| Date: | 2014–10 |
| URL: | http://d.repec.org/n?u=RePEc:iza:izadps:dp8608&r=neu |
| By: | Del Boca, Daniela (University of Turin); Piazzalunga, Daniela (University of Turin); Pronzato, Chiara D. (University of Turin) |
| Abstract: | In this paper, we focus on the impact of early grandparents' care on child cognitive outcomes, in the short and medium term, using data from the Millennium Cohort Study (UK). Compared with children looked after in a formal care centre, children cared by grandparents (as well as parents) are better in naming objects, but worse in tests concerning basic concepts development, problem-solving, mathematical concepts and constructing ability. In order to assess a causal link between early care and child outcomes, we employ panel methods and instrumental variables techniques that confirm that grandparental care matters more for naming ability while formal care is more important for problem-solving ability and basic concepts development. These results hide strong heterogeneities: on the one hand, the positive association between grandparents' care and child outcomes is stronger for children in more advantaged households; on the other hand, the negative association is significant only for children in more disadvantaged households. |
| Keywords: | grandparents, childcare, child cognitive outcomes |
| JEL: | J13 D1 I21 |
| Date: | 2014–10 |
| URL: | http://d.repec.org/n?u=RePEc:iza:izadps:dp8565&r=neu |
| By: | Bertrand Wigniolle (CES - Centre d'économie de la Sorbonne - CNRS : UMR8174 - Université Paris I - Panthéon-Sorbonne, EEP-PSE - Ecole d'Économie de Paris - Paris School of Economics - Ecole d'Économie de Paris) |
| Abstract: | This paper studies the quantity-quality trade-off model of fertility, under the assumption of hyperbolic discounting. It shows that the lack of self-control may play a different role in a developed economy and in a developing one. In the first case, characterized by a positive investment in quality, the lack of self-control may tend to reduce fertility. In the second case, it is possible that the lack of self-control leads to both no investment in quality and a higher fertility rate. It is also proved that if parents cannot commit on their investment in quality, a small change of parameters may lead to a jump in fertility and education. |
| Keywords: | endogenous fertility; quasi-hyperbolic discounting |
| Date: | 2013–07 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:halshs-00823264&r=neu |
| By: | James Andreoni; Alison Sanchez |
| Abstract: | We study whether actions are justified by beliefs, as is usually assumed, or whether beliefs are justified by actions. In our experiment, subjects participate in a trust game, after which they have an opportunity to state their beliefs about their opponent's actions. Subsequently, subjects participate in a task designed to "reveal" their true beliefs. We find that subjects who make selfish choices and show strategic sophistication falsely state their beliefs in order to project a more favorable social image. By contrast, their "revealed" beliefs were significantly more accurate, which betrayed these subjects as knowing that their selfishness was not justifiable by their opponent's behavior. |
| JEL: | C9 D03 D83 |
| Date: | 2014–10 |
| URL: | http://d.repec.org/n?u=RePEc:nbr:nberwo:20649&r=neu |