Education Interventions Improve Economic Rationality

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主讲人	Syngjoo Choi	简介	<p>Schooling rewards people with labor market returns and generates non-pecuniary benefits in other realms of life. However, there is no experimental evidence showing that education interventions improve individual economic rationality. We examine this hypothesis by exploiting a randomized one-year financial support program for education in Malawi that reduced absence and dropout rates and increased scores on a qualification exam of female secondary school students. We measured economic rationality 4 years after the intervention using lab-in-the-field experiments to create scores of consistency with utility maximization that are derived from revealed preference theory. We find that those treated had higher scores of economic rationality. The results remain robust after controlling for changes in cognitive and non-cognitive skills. Our results suggest that education enhances the quality of economic decision-making.</p>
时间	2018-06-07(Thursday)16:40-18:00	地点	N302, Econ Building
讲座语言	English	主办单位
承办单位		类型	系列讲座
联系人信息		主持人	Sen Geng
专题网站		专题
主讲人简介	<p>Associate Professor, Department of Economics, Seoul National University.</p> <p>Please see <a href="/Upload/File/2018/5/201805310320200.pdf"><span style="color: rgb(255, 102, 0);">Prof. Choi's CV </span></a>for more information.</p>	期数	高级经济学系列讲座2018春季学期第十讲（总第404讲）

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