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Full-Text Articles in Business
100 Percent Reserve Banking: A Comparison Of Proposals By Henry Simons And Laurence Kotlikoff, John H. Beck
100 Percent Reserve Banking: A Comparison Of Proposals By Henry Simons And Laurence Kotlikoff, John H. Beck
Economics Faculty Scholarship
No abstract provided.
Time Delay And Investment Decisions: Evidence From An Experiment In Tanzania, Plamen Nikolov
Time Delay And Investment Decisions: Evidence From An Experiment In Tanzania, Plamen Nikolov
Economics Faculty Scholarship
Attitudes toward risk underlie virtually every important economic decision an individual makes. In this experimental study, I examine how introducing a time delay into the execution of an investment plan influences individuals’ risk preferences. The field experiment proceeded in three stages: a decision stage, an execution stage and a payout stage. At the outset, in the Decision Stage (Stage 1), each subject was asked to make an investment plan by splitting a monetary investment amount between a risky asset and a safe asset. Subjects were informed that the investment plans they made in the Decision Stage are binding and will …
Vocational Training Programs And Youth Labor Market Outcomes: Evidence From Nepal, S Chakravarty, M Lundberg, Plamen Nikolov, J Zenker
Vocational Training Programs And Youth Labor Market Outcomes: Evidence From Nepal, S Chakravarty, M Lundberg, Plamen Nikolov, J Zenker
Economics Faculty Scholarship
Lack of skills is arguably one of the most important determinants of high levels of unemployment and poverty. In response, policymakers often initiate vocational training programs in efforts to enhance skill formation among the youth. Using a regression-discontinuity design, we examine a large youth training intervention in Nepal. We find, twelve months after the start of the training program, that the intervention generated an increase in non-farm employment of 10 percentage points (ITT estimates) and up to 31 percentage points for program compliers (LATE estimates). We also detect sizable gains in monthly earnings largely driven by women who start self-employment …