This paper develops a model showing that people who have flexibility in choosing how much to work will prefer to invest substantially more of their money in risky assets than if they had no such flexi
Adjusted for many other determinants, beauty affects earnings; but does it lead directly to the differences in productivity that we believe generate earnings differences? We take a large sample of stu
Health policies seek to achieve conflicting objectives. We argue that the objective of saving lives is best served by a careful balancing of fairness and efficiency considerations. Open, fair, and equ
This is the replication package for "Careers in Firms: The Role of Learning about Ability and Human Capital Acquisition," accepted in 2023 by the Journal of Political Economy.
