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Do Teenagers Exhibit Rational Expectations Regarding Mortality, Fertility and Education Outcomes?
By Nikolay Braykov Microeconomic models often use the Rational Expectation Hypothesis (REH) instead of including expectation data. This paper examines the validity of the REH using subjective probability questions about mortality, fertility and education outcomes from panel data. First, I ask whether expectations are accurate and homogenous at the individual level; I find substantial forecast […]
Maternal Labor Decisions and the Effects on Adolescent Risky Behavior
by Stephen M. LaFata Abstract This paper examines the effects of maternal employment on the decisions of adolescents to engage in risky behavior. I attempt to control for possible endogeneity of maternal employment by implementing instrumental variables. Ultimately, except for low SES families, maternal labor is found to have no statistically significant effects on adolescent […]
