nep-neu New Economics Papers
on Neuroeconomics
Issue of 2017‒05‒14
three papers chosen by

  1. Cognitive, Socioemotional and Behavioral Returns to College Quality By Dasgupta, Utteeyo; Mani, Subha; Sharma, Smriti; Singhal, Saurabh
  2. Modeling Enrollment in and Completion of Vocational Education: The Role of Cognitive and Non-Cognitive Skills by Program Type By Stratton, Leslie S.; Datta Gupta, Nabanita; Reimer, David; Holm, Anders
  3. Personality and Economic Choices By Christopher Boyce; Mikołaj Czajkowski; Nick Hanley

  1. By: Dasgupta, Utteeyo (Fordham University); Mani, Subha (Fordham University); Sharma, Smriti (UNU-WIDER); Singhal, Saurabh (UNU-WIDER)
    Abstract: We exploit the variation in the admissions cutoffs across colleges of a leading Indian university in a regression discontinuity framework to estimate the causal effects of enrolling in a selective college on: cognitive attainment, behavioral preferences, and Big Five personality. We find that enrolling in a selective college improves only females' exam scores. Further, marginally admitted females in selective colleges become less overconfident and less risk averse while males in selective colleges experience a decline in extraversion and conscientiousness. Higher attendance rates among females explain the gender differences in returns to better college and peer environment.
    Keywords: cognitive attainment, behavior, personality, college quality, peer effects, India
    JEL: I23 C9 C14 J24 O15
    Date: 2017–04
  2. By: Stratton, Leslie S. (Virginia Commonwealth University); Datta Gupta, Nabanita (Aarhus University); Reimer, David (Aarhus University); Holm, Anders (Aarhus University)
    Abstract: This study provides evidence of the importance of cognitive and non-cognitive skills to enrollment in and completion of three types of vocational training (VET): education and health, technical, and business. Math and language exam scores constitute the key measures of cognitive skills; teacher-assigned grades the key measure of non-cognitive skills. The data consist of two nine-year panels of youth completing compulsory education in Denmark. Estimation of completion proceeds separately by gender and VET type, controlling for selection and right censoring. The authors find that all skills are inversely related to VET enrollment, results that are robust to family-specific effects. Estimates for completion vary considerably by program type, demonstrating the methodological importance of distinguishing among different VET courses. While math scores are positively related to certification for all VET tracks, language skills are more important for the nontechnical track, and non-cognitive skills appear important only for the business track.
    Keywords: vocational education, enrollment, completion, vocational certification, ability
    JEL: I21
    Date: 2017–04
  3. By: Christopher Boyce (University of Stirling, Stirling Management School); Mikołaj Czajkowski (Faculty of Economic Sciences, University of Warsaw); Nick Hanley (University of St Andrews, School of Geography and Geosciences)
    Abstract: In this paper, we undertake the first examination of the effects of personality on individual economic choices over public environmental goods, using a stated preference approach. Based on three data sets from three separate choice modelling studies, we examine the effects of personality on preferences for the status quo, for changes in environmental quality, and over the costs of investing in environmental improvement. Using a hybrid choice framework, we show that incorporating personality research into economic models can provide valuable behavioural insights, enriching explanations of why the demand for environmental goods varies across people.
    Keywords: personality, preference heterogeneity, hybrid choice models, stated preferences, choice models
    JEL: C35 D03 D12 D61 Q25 Q51
    Date: 2017

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