Articles

Carmit Segal. Misbehavior, Education, and Labor Market Outcomes.

Using data on young men from the National Education Longitudinal Survey, this paper investigates the relationship between childhood misbehavior and later education and labor market outcomes. The main finding is that eighth-grade misbehavior is important for earnings over and above eighth-grade test scores. Moreover, controlling for educational attainment, childhood misbehavior is associated with earnings at all educational levels, whereas achievement test scores are related to earnings only for...

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Edward Goldsmith. Rewriting Economics.

Economists identify their discipline with the study of its subject matter rather than with what it is trying to achieve. As the highly respected economist Kenneth Boulding notes, it studies "prices, quantities of commodities exchanged, produced and consumed, interest rates, taxes and tariffs, etc." The assumption is that it is only by studying the interrelationships between these variables that one can determine how to achieve the economic goal modern society has set itself—the creation of ...

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Florian Zimmerman. Clumped or Piecewise? - Evidence on Preferences for Information.

The selection and processing of information is a key element in virtually all areas of economic decision-making. Individuals facing economic choices, e.g., investing in education, choosing an optimal health insurance plan, buying a house or deciding how much to save for the future, need to choose sources of potentially helpful information and process this information to be able to make an informed decision. Likewise, economic choices a ect the kind, structure and timing of information decision-...

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