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on Neuroeconomics |
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Issue of 2019‒04‒29
two papers chosen by |
| By: | Chih Ming Tan (Department of Economics, University of North Dakota, USA; Rimini Centre for Economic Analysis); Xiao Wang (International Institute of Finance, University of Science and Technology of China, China); Xiaobo Zhang (National School of Development, Peking University, China; International Food Policy Research Institute, USA) |
| Abstract: | The importance of (early) parental investments in children’s cognitive and noncognitive outcomes is a question of deep policy significance. However, because parental investments are arguably endogenous, empirically estimating their importance poses a challenge. This paper exploits a rich and novel dataset, the China Family Panel Studies, and proposes a culture-specific instrumental variable based on the Chinese zodiac, in order to identify the impact of parental investments. By looking at the outcomes of children born just before and just after the cutoff for a “lucky” (or “nonlucky”) zodiac sign, we find that parents' investments have significant effects on their offspring’s development of both cognitive and noncognitive skills. |
| Keywords: | Cognitive Skills; Noncognitive Skills; Parental Investments; Zodiac Signs; China |
| JEL: | I10 I15 J24 O12 O53 |
| Date: | 2019–04 |
| URL: | http://d.repec.org/n?u=RePEc:rim:rimwps:19-10&r=all |
| By: | Nagui Bechichi; Stéphanie Jamet; Gustave Kenedi; Robert Grundke; Mariagrazia Squicciarini |
| Abstract: | This work investigates how education and training policies may facilitate occupational transitions. It proposes a methodology to estimate cognitive and task-based skill distances across occupation. It identifies the occupational transitions that can occur upon small (of up to 6 months), moderate (up to 1 year) or important (up to 3 years) (re)training spells. “Possible” transitions, i.e. transitions implying reasonable upskilling needs and similar knowledge areas, are distinguished from “acceptable” occupations, i.e. possible transitions entailing limited loss of human capital and income, if any. Possible and acceptable transitions exist for the quasi-totality of occupations, when up to one year of training is considered. Low-skilled occupations display fewer acceptable transitions and generally require higher cognitive or task-based skills. Transitions for many high-skilled occupations entail important wage decreases or skills excesses. Acceptable transitions for occupations at high-risk of automation are harder to find, and tend to require cognitive and task-based skills-related training. |
| Date: | 2019–04–26 |
| URL: | http://d.repec.org/n?u=RePEc:oec:stiaac:70-en&r=all |