Technological innovation can raise the returns to some skills while making others less valuable or even obsolete.
In the United States, the federal government grants colleges access to a student's Free Application for Federal Student Aid (FAFSA) which facilitates substantial price discrimination.
Despite the significant influence that peer motivation is likely to have on educational investments during high school, it is difficult to test empirically since exogenous changes in peer motivation are rarely observed.
This paper provides a novel constructive identification proof for non-stationary Hidden Markov models. The identification result establishes that only two periods of time are required if one wants to identify transition probabilities between those two periods.
Reporting private information is a key part of economic decision making. A recent literature has found that many people have a preference for honest reporting, contrary to usual economic assumptions.
Willingness to vaccinate and test are critical in the COVID-19 pandemic. We study the effects of two measures to increase vaccination and testing: "choice architecture" and monetary compensations.