D91

Pedro Bordalo · Nicola Gennaioli · Giacomo Lanzani · Andrei Shleifer

Bordalo, Gennaioli, Lanzani, and Shleifer develop a cognitive theory of choice in which a decision maker’s attention to the features of options is determined by her categorization of the current …

Timothy Besley · Christopher Dann · Sacha Dray

This paper investigates whether individuals who have experienced stronger GDP growth over their lifetimes are more likely to trust their national government. The authors — Besley, Dann, and Dray — …

Elena Capatina · Michael Keane

Capatina and Keane build and calibrate a life-cycle model of labor supply and savings for U.S. men that incorporates health shocks, endogenous human capital accumulation via learning-by-doing, …

Hengjie Ai · Ravi Bansal · Hongye Guo · Amir Yaron

Layer 1: Overview This paper develops a revealed-preference theory that uses asset-market data to identify whether investors have a preference for early resolution of uncertainty (PER), a property of …

Laurent Gobillon · Thierry Magnac · Sebastien Roux

Layer 1 – Overview Research Question This paper asks how wage inequalities build up over the life cycle when individual wage trajectories are plagued by interruptions in private-sector …

Klaus M Schmidt · Jonas von Wangenheim

Schmidt and von Wangenheim develop a dynamic model of organizational change in which workers have reference-dependent preferences — specifically loss aversion and social comparisons — to explain …