WP 2020

WP 2020-07 Literacy and the Quality of Index Insurance Decisions

Posted On February 27, 2020
Categories Working Papers, WP 2020

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AUTHORS: Glenn Harrison, Karlijn Morsink and Mark Schneider

ABSTRACT: There is widespread concern in developing countries with the expansion of formal insurance products to help manage significant risks. These concerns arise primarily from a lack of understanding of insurance products, general failures of financial literacy and the need to use… more »

WP 2020-06 Risk Perceptions in the Virtual Wilderness: An Application to Wild Fires

Posted On February 26, 2020
Categories Working Papers, WP 2020

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AUTHORS: Glenn W. Harrison, Jared M. Johnson and E. Elisabet Rutström

ABSTRACT: In economic decision making most subjective probabilities are formed in a compound manner, through the interaction of multiple attributes of events, each of which have likelihoods that are unknown to various degrees. We consider how subjectively formed risk… more »

WP 2020-05 Should I Stay or Should I Go? Equilibrium Selection in a Transportation Network

Posted On February 12, 2020
Categories Working Papers, WP 2020

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AUTHORS: Enrica Carbone, Vinayak V. Dixit, and E. Elisabet Rutström

ABSTRACT: When imposing congestion pricing in a transportation network, especially around city centers, there is an expressed concern that commercial activities will have to consider relocating. Such relocations can be both risky and costly. Charges… more »

WP 2020-03 Addiction is socially engineered exploitation of natural biological vulnerability

Posted On January 21, 2020
Categories Working Papers, WP 2020

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AUTHORS: Don Ross

ABSTRACT: Interdisciplinary study of addiction is facilitated by relative unification of the concept. What should be sought is not formal unification through literal analytic definition, which would undermine practical flexibility within disciplines and intervention practices. However, leading controversies around whether addiction should be conceived as a ‘disease’,… more »

WP 2020-02 Responses to Saving Commitments: Evidence from Mortgage Run-offs

Posted On January 6, 2020
Categories Working Papers, WP 2020

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AUTHORS: Steffen Andersen, Philippe d’Astous, Jimmy Martínez-Correa and Stephen H. Shore

ABSTRACT: We study consumers’ responses to removing a saving constraint. Mortgage run-offs predictably relax a saving constraint for borrowers whose mortgage committed them to save by paying down principal. Using the entire Danish population, we identify mortgages on track… more »

WP 2020-01 Cross-Program Differences in Returns to Education and the Gender Earnings Gap

Posted On January 6, 2020
Categories Working Papers, WP 2020

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AUTHORS: Steffen Andersen, Philippe d’Astous, Jimmy Martínez-Correa and Stephen H. Shore

ABSTRACT: University programs differ in their gender earnings gaps, that is, the difference between the subsequent earnings of the program’s male and female enrollees. A program could have a positive gender earnings gap because it attracts higher-ability men than… more »