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It has long been recognized that there is considerable heterogeneity in individual risk taking behavior but little is known about the distribution of risk taking types. We present a parsimonious characterization of risk taking behavior by estimating a finite mixture regression model for three...
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children's education. The use of out-of-school suspensions is the novelty of this paper. Out-of-school suspensions are chosen … by the teacher or the principal of the school and not by parents, but they are a consequence of student misbehavior. To … is, out-of-school suspensions do not affect parental involvement in children's education. …
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Welfare caseloads in North America halved following reforms in the 1990s and 2000s. We study how this shift affected families by linking Canadian welfare records to tax returns, medical spending, educational attainment, and crime data. We find substantial and heterogeneous employment responses...
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This paper builds upon Cunha's (2015) subjective rationality model in which parents have a subjective belief about the … impact of their investment on the early skill formation of their children. We propose that this subjective belief is …
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