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Financial Literacy, Schooling, And Wealth Accumulation, Jere R. Behrman, Olivia S. Mitchell, Cindy Soo, David Bravo 2010 University of Pennsylvania

Financial Literacy, Schooling, And Wealth Accumulation, Jere R. Behrman, Olivia S. Mitchell, Cindy Soo, David Bravo

PARC Working Paper Series

Financial literacy and schooling attainment have been linked to household wealth accumulation. Yet prior findings may be biased due to noisy measures of financial literacy and schooling, as well as unobserved factors such as ability, intelligence, and motivation that could enhance financial literacy and schooling but also directly affect wealth accumulation. Here we use a new household dataset and an instrumental variables approach to isolate the causal effects of financial literacy and schooling on wealth accumulation. While financial literacy and schooling attainment are both strongly positively associated with wealth outcomes in linear regression models, our approach reveals even stronger and ...


Letter From 167 Concerned Auction Experts On Medicare Competitive Bidding Program, Peter Cramton 2010 University of Maryland

Letter From 167 Concerned Auction Experts On Medicare Competitive Bidding Program, Peter Cramton

Peter Cramton

No abstract provided.


The Covariance Sign Of Transformed Random Variables With Applications To Economics And Finance, Martin Egozcue 2010 Universidad de la Republica Oriental del Uruguay

The Covariance Sign Of Transformed Random Variables With Applications To Economics And Finance, Martin Egozcue

Martin Egozcue

No abstract provided.


Piratas Y Corsarios En La Era Digital, Mario Šilar, Alejandro Néstor García Martínez 2010 University of Navarra

Piratas Y Corsarios En La Era Digital, Mario Šilar, Alejandro Néstor García Martínez

Mario Šilar

http://www.unav.es/nuestrotiempo/es/temas/piratas-y-corsarios-en-la-era-digital


Effects Of Family, Friends, And Relative Prices On Fruit And Vegetable Consumption By African American Youths, Oleksandr Zhylyevskyy, Helen H. Jensen, Steven B. Garasky, Carolyn E. Cutrona, Frederick X. Gibbons 2010 Iowa State University

Effects Of Family, Friends, And Relative Prices On Fruit And Vegetable Consumption By African American Youths, Oleksandr Zhylyevskyy, Helen H. Jensen, Steven B. Garasky, Carolyn E. Cutrona, Frederick X. Gibbons

CARD Working Papers

Facilitating healthy eating among young people, particularly among minorities who are at high risk for gaining excess weight, is at the forefront of the current policy discussions in the U.S. We investigate the effects of social interactions and relative prices on fruit and vegetable consumption by African American youths. We estimate a simultaneous equation ordered probit model of food intake using rich behavioral data from the Family and Community Health Study and price data from the Economic Research Service’s Quarterly Food-at-Home Price Database. We find the presence of endogenous effects between a youth and parent, but not between ...


A New Cost-Benefit And Rate Of Return Analysis For The Perry Preschool Program: A Summary, James Heckman, Seong Moon, Rodrigo Pinto, Peter A. Savelyev 2010 William & Mary

A New Cost-Benefit And Rate Of Return Analysis For The Perry Preschool Program: A Summary, James Heckman, Seong Moon, Rodrigo Pinto, Peter A. Savelyev

Arts & Sciences Book Chapters

Childhood Programs and Practices in the First Decade of Life presents research findings on the effects of early childhood programs and practices in the first decade of life and their implications for policy development and reform. Leading scholars in the multidisciplinary field of human development and in early childhood learning discuss the effects and cost-effectiveness of the most influential model, state, and federally funded programs, policies, and practices. These include Head Start, Early Head Start, the WIC nutrition program, Nurse Family Partnership, and Perry Preschool as well as school reform strategies. This volume provides a unique multidisciplinary approach to understanding ...


Prospect Theory, Indifference Curves, And Hedging Risks, Udo Broll, Martin Egozcue, Wing Keung Wong, Ricardas Zitikis 2010 Universidad de la Republica Oriental del Uruguay

Prospect Theory, Indifference Curves, And Hedging Risks, Udo Broll, Martin Egozcue, Wing Keung Wong, Ricardas Zitikis

Martin Egozcue

The prospect theory is one of the most popular decision-making theories. It is based on S-shaped utility functions, unlike the von Neumann and Morgenstern (NM) theory, which is based on concave utility functions. The S-shaped functions bring challenges, and extensions and generalizations of the NM theory into the prospect theory are not always possible. For example, in the prospect theory, the monotonicity of indifference curves depends on the underlying mean, unlike in the NM theory. Risk-hedging deci- sions also become more complex within the prospect theory. In this paper, we discuss these topics and establish general results concerning certain covariances ...


Factors Effecting Job Satisfaction Of Employees In Pakistani Banking Sector, Ahmed Imran Hunjra, Muhammad Irfan Chani, Sher Aslam, Muhammad Azam, Kashif -Ur- Rehman 2010 National College of Business Administration and Economics, Lahore

Factors Effecting Job Satisfaction Of Employees In Pakistani Banking Sector, Ahmed Imran Hunjra, Muhammad Irfan Chani, Sher Aslam, Muhammad Azam, Kashif -Ur- Rehman

Muhammad Irfan Chani

The job satisfaction has got tremendous attention in organizational research. The focus of this study is to determine the impact of various human resource management practices like job autonomy, team work environment and leadership behavior on job satisfaction. It also investigates the major determinants of job satisfaction in Pakistani banking sector. This study further evaluates the level of difference in job satisfaction among male and female employees. The sample of the study consisted of 450 employees working in different banks of Rawalpindi, Islamabad and Lahore through the questionnaire, of which 295 were returned and processed. SPSS was used to analyze ...


Advertising Collusion In Retail Markets, Kyle BAGWELL, Gea M. LEE 2010 Stanford University

Advertising Collusion In Retail Markets, Kyle Bagwell, Gea M. Lee

Research Collection School Of Economics

We analyze non-price advertising by retail firms, when the firms are privately informed about their respective costs of production. In a static advertising game, an advertising equilibrium exists in which lower-cost firms select higher advertising levels. In this equilibrium, informed consumers rationally employ an advertising search rule in which they buy from the highest-advertising firm since lower-cost firms also select lower prices. In a repeated advertising game, colluding firms face a trade-off: the use of advertising can promote productive efficiency, but only if sufficient current or future advertising expenses are incurred. At one extreme, if firms pool at zero advertising ...


Patrilocal Exogamy As A Monitoring Mechanism: How Inheritance And Residence Patterns Co-Evolve, Brishti GUHA 2010 Singapore Management University

Patrilocal Exogamy As A Monitoring Mechanism: How Inheritance And Residence Patterns Co-Evolve, Brishti Guha

Research Collection School Of Economics

Economists have modeled inheritance norms assuming the pattern of post-marital residence is exogenous. We model the co-evolution of these two institutions, examining how patrilineal inheritance and patrilocal exogamy reinforced each other in a patrilineal-patrilocal equilibrium. We also derive conditions for a matrilineal-matrilocal equilibrium. The endogenous choice of the old to monitor the sexual behavior of the young women who reside with them, thereby affecting the paternity confidence of the young women’s husbands and hence their incentives, is crucial. Our model fits the data on the relationship between inheritance, residence patterns and paternity confidence, and on the importance of paternity ...


Consumer Willingness To Pay For E85, Denise A. Skahan 2010 University of Tennessee - Knoxville

Consumer Willingness To Pay For E85, Denise A. Skahan

Masters Theses

Concerns regarding energy security, resource sustainability, and environmental protection have heightened interests in renewable fuels and sparked the research and development of ethanol as a transportation fuel. This study examines consumers’ willingness to pay for ethanol from various potential feedstocks; corn, switchgrass and wood wastes. Data was collected via a survey of fuel consumers across the United States in 2009. Results show that consumers have a preference for E85 (a fuel blend with 85 percent ethanol and 15 percent gasoline) from corn, switchgrass and wood wastes compared to E0 (gasoline) and a preference for E85 from switchgrass and wood wastes ...


The Janjaweed, The Armed Movements And The Political Disintegration Of Sudan, Issam A.W. Mohamed Professor 2010 Department of Economics. Al Neelain University, Khartoum, Sudan

The Janjaweed, The Armed Movements And The Political Disintegration Of Sudan, Issam A.W. Mohamed Professor

Professor Issam A.W. Mohamed

The present paper is part of unpublished book divided into three interrelated manuscripts that analyze the collapse of the Sudan. The current paper concludes that the rebellion by certain in Darfur region has triggered a further a counteraction by other tribes of Arab descendants. The counter-actors were recruited by an unprecedented tyrannical regime to submit the rebels but succeeded only in genocide and the turning over the regime and started their own rebellion. That resulted in an intricate situation carrying all symptoms of chaos. Truly, the regime maintained its existence but with continuously deteriorating life condition in Darfur region. The ...


Impacts Of Islamic And Commercial Banks' Reserves Restrictions On Macroeconomic Parameters Of Sudan (2007-2009), Professor Issam A.W. Mohamed 2010 Department of Economics. Al Neelain University, Khartoum, Sudan

Impacts Of Islamic And Commercial Banks' Reserves Restrictions On Macroeconomic Parameters Of Sudan (2007-2009), Professor Issam A.W. Mohamed

Professor Issam A.W. Mohamed

The paper analyzes the impacts of Islamic and conventional Banks reserves' restrictions in Sudan. Comprehensively, those restrictions are necessary for health banks, performance and the viability of the macroeconomic performance in any country. The selected period of the analysis (2007-2009) is vital to study impacts of the Global Financial Crisis on the Sudanese economy. The paper introduces available data on banks institutions, macroeconomic policies and the central Bank of Sudan considering its part on controlling money supply and demand besides drawing policies for banks behaviors. It is conceivable from my conclusions here that there are conflicts between conventional and Islamic ...


Wind Energy In Colombia: A Framework For Market Entry, Peter Cramton, Walter Vergara, Alejandro Deeb, Natsuko Toba, Irene Leino 2010 University of Maryland

Wind Energy In Colombia: A Framework For Market Entry, Peter Cramton, Walter Vergara, Alejandro Deeb, Natsuko Toba, Irene Leino

Peter Cramton

The purpose of this report is to provide decision makers in Colombia (and by extension other countries or regions), who are considering the deployment or consolidation of wind power, with a set of options to promote its use. The options presented are the result of an analysis of the Colombian market; this analysis included simulations and modeling of the country’s power sector, and extensive consultations with operators, managers, and agents. More information on the analysis and simulations is presented in the appendixes. Wind was chosen to exemplify the range of renewable energy alternatives available to complement traditional power sector ...


Religious Groups & “Affluenza”: Further Exploration Of The Tv-Materialism Link, Mark D Harmon 2010 University of Tennessee - Knoxville

Religious Groups & “Affluenza”: Further Exploration Of The Tv-Materialism Link, Mark D Harmon

School of Journalism and Electronic Media Publications and Other Works

The researcher explores whether previously noted links between television viewing and materialism also appear among those in religious communities. Secondary analyses were conducted using data from six previous studies: Mennonites, American Buddhists, North American Hispanic Youth in Seventh-Day Adventist Congregations, two studies of youth in various Protestant denominations, and a national youth study with an over-sample of parochial students. Across the six studies heavier TV viewing generally correlated with materialist values, especially the value of "making a lot of money" for the young. The results validate Georg Simmel’s observation that even those devoutly dedicated to salvation and the soul ...


Measuring Emotions In Electronic Auctions, Marc Adam 2010 Karlsruhe Institute of Technology

Measuring Emotions In Electronic Auctions, Marc Adam

Marc T. P. Adam

Auctions are nowadays a popular and frequently employed market mechanism in electronic markets. In economic literature, the success of electronic auctions has been largely attributed to the reduction of transaction costs, the large number of potential buyers, and the independence of time and space. However, an additional explanation for the success of electronic markets, and in particular Internet consumer auctions, is the hedonic or emotional value bidders derive from auction participation. The emotionality bidders experience in Internet auctions confronts a market engineer of electronic markets with two important challenges, regarding both the auction mechanism design and the user interface design ...


Segregation And Integration: A Study Of The Behaviors Of Investors With Extended Value Functions, Martin Egozcue, Wing Keung Wong 2010 Universidad de la Republica Oriental del Uruguay

Segregation And Integration: A Study Of The Behaviors Of Investors With Extended Value Functions, Martin Egozcue, Wing Keung Wong

Martin Egozcue

This paper extends prospect theory, mental accounting, and the hedonic editing model by developing an analytical theory to explain the behavior of investors with extended value functions in segregating or integrating multiple outcomes when evaluating mental accounting.


Getting Past 'Rational Man/Emotional Woman': Comments On Research Programs In Happiness Economics And Interpersonal Relations, Julie A. Nelson 2010 University of Massachusetts Boston

Getting Past 'Rational Man/Emotional Woman': Comments On Research Programs In Happiness Economics And Interpersonal Relations, Julie A. Nelson

Economics Faculty Publication Series

Orthodox neoclassical economics portrays reason as far more important than emotion, autonomy as more characteristic of economic life than social connection, and, more generally, things culturally and cognitively associated with masculinity as more central than things associated with femininity. Research from contemporary neuroscience suggests that such biases are related to certain automatic processes in the brain, and feminist scholarship suggests ways of getting beyond them. The “happiness” and “interpersonal relations” economics research programs have made substantial progress in overcoming a number of these biases, bringing into consideration by economists a wide range of phenomena which were previously neglected. Analysis from ...


Financial Illiteracy: Prevalence, Consequences, And Solutions, Gerald Matasy 2010 Portland State University

Financial Illiteracy: Prevalence, Consequences, And Solutions, Gerald Matasy

Economics Undergraduate Honors Theses

As Americans have become increasingly responsible for their own financial security their ability to make financial decisions in their best interests has certainly grown in importance. The focus of this paper is to determine what role financial literacy plays in making optimal financial decisions and maintaining economic stability. Using mostly research from other studies and some original research, this paper seeks to examine the level of financial literacy among the general population and what the implications are for the general lack of literacy. What I find is that individuals who have lower levels of financial literacy generally make poorer financial ...


Getting Past 'Rational Man/Emotional Woman': Comments On Research Programs In Happiness Economics And Interpersonal Relations, Julie A. Nelson 2010 University of Massachusetts Boston

Getting Past 'Rational Man/Emotional Woman': Comments On Research Programs In Happiness Economics And Interpersonal Relations, Julie A. Nelson

Julie A. Nelson

Orthodox neoclassical economics portrays reason as far more important than emotion, autonomy as more characteristic of economic life than social connection, and, more generally, things culturally and cognitively associated with masculinity as more central than things associated with femininity. Research from contemporary neuroscience suggests that such biases are related to certain automatic processes in the brain, and feminist scholarship suggests ways of getting beyond them. The “happiness” and “interpersonal relations” economics research programs have made substantial progress in overcoming a number of these biases, bringing into consideration by economists a wide range of phenomena which were previously neglected. Analysis from ...


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