nep-neu New Economics Papers
on Neuroeconomics
Issue of 2023‒07‒24
three papers chosen by

  1. Less is More Expensive: The Cognitive Cost of Bulk Buying and the Effect of Regulating the Display of Unit Prices By Bauner, Christoph; Hossain, Mallick
  2. Children’s Time Allocation and the Socioeconomic Gap in Human Capital By Nicole Black; Danusha Jayawardana; Gawain Heckley
  3. Understanding Trends in Chinese Skill Premiums, 2007-2018 By Eric A. Hanushek; Yuan Wang; Lei Zhang

  1. By: Bauner, Christoph; Hossain, Mallick
    Keywords: Consumer/Household Economics, Institutional and Behavioral Economics, Marketing
    Date: 2023
  2. By: Nicole Black (Monash University); Danusha Jayawardana (Monash University); Gawain Heckley (Lund University)
    Abstract: Children’s time investments in various activities may be important for reducing socioeconomic status (SES) gaps in educational and mental health outcomes. Using time use diaries of Australian children aged 4-14, we find children from low SES backgrounds spend more time on digital media and less time on cognitively stimulating out-of-school activities, organised or for leisure. This difference contributes about 4% to the observed SES gap in numeracy skills. The contribution is larger for males, older age groups, and when the cumulative effect on learning is considered. No clear results are found for literacy skills and mental health outcomes.
    Keywords: Time use, mental health, cognitive skills, socioeconomic gap, human capital
    JEL: I14 I24 J22 J24
    Date: 2023–07
  3. By: Eric A. Hanushek; Yuan Wang; Lei Zhang
    Abstract: The dramatic expansion of the education system and the transformation of the economy in China provide an opportunity to investigate how the labor market rewards skills. Between 2007 and 2018, the overall return to cognitive skills is virtually constant at 10%, whereas the college premium drops steeply by more than 20 percentage points. But, the regional differences in returns are significant and highlight the importance of differential demand factors. College returns are higher in more developed regions, but the declining trend is more pronounced. Returns to cognitive skills increase in more developed regions and decrease in less developed regions.
    JEL: I26 J01 O10
    Date: 2023–06

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