Parenting decisions are among the most consequential choices that people make
throughout their lives. Starting with the work of pioneers such as Gary Becker, economists …

Educators believe that they are adequately preparing youth for the labor market while at the
same time employers lament the students' lack of skills. A possible source of the mismatch in …

Cognitive performance during high-stakes exams can be affected by random disturbances
that, even if transitory, may have permanent consequences. We evaluate this hypothesis …

Human capital theory has had a profound impact on a range of disciplines from economics
to education and sociology. The theory has always been the subject of bitter criticisms from …

China's economic development has advanced from a high-speed to a high-quality growth
stage in recent years. The optimization and upgrading of the economic structure require high …

Financial literacy research focuses on why, how, and when people acquire financial
knowledge, shape their financial attitudes, and adapt their financial behaviors. The literature …

This article establishes that a low-dimensional vector of cognitive and noncognitive skills
explains a variety of labor market and behavioral outcomes. Our analysis addresses the …

This paper formulates and estimates multistage production functions for children's cognitive
and noncognitive skills. Skills are determined by parental environments and investments at …

This paper estimates models of the evolution of cognitive and noncognitive skills and
explores the role of family environments in sha** these skills at different stages of the life …

This paper investigates whether there is a link between cognitive ability, risk aversion, and
impatience, using a representative sample of roughly 1,000 German adults. Subjects …