13 results match your criteria Annual Review Of Economics[Journal]

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APPLYING INSIGHTS FROM BEHAVIORAL ECONOMICS TO POLICY DESIGN.

Annu Rev Econom 2014 Aug;6:663-688

Harvard University and NBER.

The premise of this article is that an understanding of psychology and other social science disciplines can inform the effectiveness of the economic tools traditionally deployed in carrying out the functions of government, which include remedying market failures, redistributing income, and collecting tax revenue. An understanding of psychology can also lead to the development of different policy tools that better motivate desired behavior change or that are more cost-effective than traditional policy tools. The article outlines a framework for thinking about the psychology of behavior change in the context of market failures. Read More

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http://dx.doi.org/10.1146/annurev-economics-080213-041033DOI Listing
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC4265800PMC

The Economics of Human Development and Social Mobility.

Annu Rev Econom 2014 Aug;6:689-733

Department of Economics, University of Chicago, 1126 East 59th Street, Chicago, IL 60637,

This paper distills and extends recent research on the economics of human development and social mobility. It summarizes the evidence from diverse literatures on the importance of early life conditions in shaping multiple life skills and the evidence on critical and sensitive investment periods for shaping different skills. It presents economic models that rationalize the evidence and unify the treatment effect and family influence literatures. Read More

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http://dx.doi.org/10.1146/annurev-economics-080213-040753DOI Listing
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC4204337PMC

FINANCIAL LITERACY, FINANCIAL EDUCATION AND ECONOMIC OUTCOMES.

Annu Rev Econom 2013 May;5:347-373

NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138.

In this article we review the literature on financial literacy, financial education, and consumer financial outcomes. We consider how financial literacy is measured in the current literature, and examine how well the existing literature addresses whether financial education improves financial literacy or personal financial outcomes. We discuss the extent to which a competitive market provides incentives for firms to educate consumers or offer products that facilitate informed choice. Read More

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http://dx.doi.org/10.1146/annurev-economics-082312-125807DOI Listing
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC3753821PMC

International Comparisons in Health Economics: Evidence from Aging Studies.

Annu Rev Econom 2012 Jul 5;4:57-81. Epub 2012 Apr 5.

Institute for Fiscal Studies and University of Manchester.

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http://dx.doi.org/10.1146/annurev-economics-080511-110944DOI Listing
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC3608138PMC
July 2012
2 Reads

The Promises and Pitfalls of Genoeconomics*

Annu Rev Econom 2012 Jul 18;4:627-662. Epub 2012 Jun 18.

Department of Economics, Cornell University, Ithaca, New York 14853; National Bureau of Economic Research, Cambridge, Massachusetts 02138;

This article reviews existing research at the intersection of genetics and economics, presents some new findings that illustrate the state of genoeconomics research, and surveys the prospects of this emerging field. Twin studies suggest that economic outcomes and preferences, once corrected for measurement error, appear to be about as heritable as many medical conditions and personality traits. Consistent with this pattern, we present new evidence on the heritability of permanent income and wealth. Read More

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http://dx.doi.org/10.1146/annurev-economics-080511-110939DOI Listing
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC3592970PMC
July 2012
7 Reads

Sparse High Dimensional Models in Economics.

Annu Rev Econom 2011 Sep;3:291-317

Bendheim Center for Finance, Princeton University, Princeton, New Jersey 08544.

This paper reviews the literature on sparse high dimensional models and discusses some applications in economics and finance. Recent developments of theory, methods, and implementations in penalized least squares and penalized likelihood methods are highlighted. These variable selection methods are proved to be effective in high dimensional sparse modeling. Read More

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http://dx.doi.org/10.1146/annurev-economics-061109-080451DOI Listing
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC3196636PMC
September 2011
1 Read

Financial Structure and Economic Welfare: Applied General Equilibrium Development Economics.

Authors:
Robert Townsend

Annu Rev Econom 2010 Sep;2:507-546

Department of Economics, Massachusetts Institute of Technology, Cambridge, Massachusetts 02142.

This review provides a common framework for researchers thinking about the next generation of micro-founded macro models of growth, inequality, and financial deepening, as well as direction for policy makers targeting microfinance programs to alleviate poverty. Topics include treatment of financial structure general equilibrium models: testing for as-if-complete markets or other financial underpinnings; examining dual-sector models with both a perfectly intermediated sector and a sector in financial autarky, as well as a second generation of these models that embeds information problems and other obstacles to trade; designing surveys to capture measures of income, investment/savings, and flow of funds; and aggregating individuals and households to the level of network, village, or national economy. The review concludes with new directions that overcome conceptual and computational limitations. Read More

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http://www.ncbi.nlm.nih.gov/pmc/articles/PMC2964896PMC
September 2010
4 Reads

Health, Human Capital, and Development.

Authors:
Hoyt Bleakley

Annu Rev Econom 2010 Sep;2:283-310

Associate Professor of Economics, Booth School of Business, University of Chicago, 5807 South Woodlawn Avenue, Chicago, IL, 60637. Telephone: (773) 834-2192.

How much does disease depress development in human capital and income around the world? I discuss a range of micro evidence, which finds that health is both human capital itself and an input to producing other forms of human capital. I use a standard model to integrate these results, and suggest a re-interpretation of much of the micro literature. I then discuss the aggregate implications of micro estimates, but note the complications in extrapolating to general equilibrium, especially because of health's effect on population size. Read More

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https://pdfs.semanticscholar.org/7923/3ee85a7d9b05ef93146d8c
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http://dx.doi.org/10.1146/annurev.economics.102308.124436DOI Listing
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC3800109PMC
September 2010
1 Read

Beyond Testing: Empirical Models of Insurance Markets.

Annu Rev Econom 2010 ;2:311-336

Department of Economics, Stanford University, Stanford, California 94305, and NBER.

We describe recent advances in the empirical analysis of insurance markets. This new research proposes ways to estimate individual demand for insurance and the relationship between prices and insurer costs in the presence of adverse and advantageous selection. We discuss how these models permit the measurement of welfare distortions arising from asymmetric information and the welfare consequences of potential government policy responses. Read More

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http://www.annualreviews.org/doi/10.1146/annurev.economics.0
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http://dx.doi.org/10.1146/annurev.economics.050708.143254DOI Listing
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC3092551PMC
January 2010
4 Reads

Subjective Probabilities in Household Surveys.

Authors:
Michael D Hurd

Annu Rev Econom 2009 Jun;1:543-562

RAND and NBER October, 2008.

Subjective probabilities are now collected on a number of large household surveys with the objective of providing data to better understand inter-temporal decision making. Comparison of subjective probabilities with actual outcomes shows that the probabilities have considerable predictive power in situations where individuals have considerable private information such as survival and retirement. In contrast the subjective probability of a stock market gain varies greatly across individuals even though no one has private information and the outcome is the same for everyone. Read More

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http://dx.doi.org/10.1146/annurev.economics.050708.142955DOI Listing
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC3106311PMC
June 2009
3 Reads

Improving Education in the Developing World: What Have We Learned from Randomized Evaluations?

Annu Rev Econom 2009 ;1:513-542

Department of Economics, Harvard University, Cambridge, MA 02138.

Across a range of contexts, reductions in education costs and provision of subsidies can boost school participation, often dramatically. Decisions to attend school seem subject to peer effects and time-inconsistent preferences. Merit scholarships, school health programs, and information about returns to education can all cost-effectively spur school participation. Read More

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http://dx.doi.org/10.1146/annurev.economics.050708.143323DOI Listing
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC3740762PMC
January 2009
1 Read
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