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on Neuroeconomics |
| By: | Barry Chiswick; Hope Corman; Dhaval M. Dave; Nancy Reichman |
| Abstract: | This study analyzes, for the first time, the effect of increases in the minimum wage on the labor market outcomes of working age adults with cognitive disabilities, a vulnerable and low-skilled sector of the actual and potential labor pool. Using data from the American Community Survey (2008-2023), we estimated effects of the minimum wage on employment, labor force participation, weeks worked, and hours worked among working age individuals with cognitive disabilities using a generalized difference-in-differences research design. We found that a higher effective minimum wage leads to reduced employment and labor force participation among individuals with cognitive disabilities but has no significant effect on labor supply at the intensive margin for this group. Adverse impacts were particularly pronounced for those with lower educational attainment. In contrast, we found no significant labor market effects of an increase in the minimum wage for individuals with physical disabilities or in the non-disabled population. |
| JEL: | J14 |
| Date: | 2025–07 |
| URL: | https://d.repec.org/n?u=RePEc:nbr:nberwo:33990 |
| By: | Bolt, U.; French, E.; Warrier, V.; Yang, Q.; Zhang, W. |
| Abstract: | This paper investigates how genetic endowments influence lifetime earnings using a dynamic life cycle model and longitudinal data from a cohort tracked from birth to retirement. We examine genetic impacts on skill formation as well as choices of parental investments, educational attainment, and occupation. A one standard deviation increase in the polygenic score for educational attainment raises lifetime earnings by 18.9%. Although part of this effect is due to genetic endowments impacting skill formation, the majority is due to genetic endowments impacting choices. Extending our analysis to include polygenic scores for additional traits reveals other channels through which they operate. Furthermore, our estimates show that genetic endowments and investments are substitutes in the production of earnings during early childhood but are complements later in life, highlighting the crucial importance of early-life interventions to effectively mitigate genetic inequalities. |
| Keywords: | Polygenic Scores, Educational Attainment, Life Time Earning, Cognitive Skills |
| JEL: | I24 J24 C38 |
| Date: | 2025–07–03 |
| URL: | https://d.repec.org/n?u=RePEc:cam:camdae:2547 |
| By: | Marcin P\k{e}ski; Colin Stewart |
| Abstract: | A researcher wants to ask a decision-maker about a belief related to a choice the decision-maker made; examples include eliciting confidence or cognitive uncertainty. When can the researcher provide incentives for the decision-maker to report her belief truthfully without distorting her choice? We identify necessary and sufficient conditions for nondistortionary elicitation and fully characterize all incentivizable questions in three canonical classes of problems. For these problems, we show how to elicit beliefs using variants of the Becker-DeGroot-Marschak mechanism. |
| Date: | 2025–06 |
| URL: | https://d.repec.org/n?u=RePEc:arx:papers:2506.12167 |