IDEAS home Printed from https://ideas.repec.org/p/cir/cirpro/2006rp-09.html

The Role of Information on Return to Human Capital: A Laboratory Experiment on Educational Choices

Author

Listed:
  • Cathleen Johnson
  • Claude Montmarquette
  • Nathalie Viennot-Briot

Abstract

Using experimental economics, this study examines the role of labour market information (LMI) and education in explaining human capital investment by adults. LMI matters, and can be improved, but it influences education investment decisions far more for young adults than for older adults. LMI can serve to increase young people's willingness to invest in education, but is not likely to have a strong impact on the educational investment decisions of older adults. À l'aide de l'économie expérimentale, nous avons examiné le rôle de l'information sur le marché du travail (IMT) et de l'éducation pour expliquer l'investissement des adultes dans leur capital humain. L'IMT est importante et pourrait être améliorée, mais elle influe beaucoup plus sur les décisions des jeunes adultes d'investir dans leurs études que sur celles des adultes plus âgés. L'IMT peut servir à accroître la volonté des jeunes à investir dans leurs études, mais il est peu probable qu'elle ait une incidence marquée sur les décisions des adultes plus âgés d'investir dans leurs études.

Suggested Citation

  • Cathleen Johnson & Claude Montmarquette & Nathalie Viennot-Briot, 2006. "The Role of Information on Return to Human Capital: A Laboratory Experiment on Educational Choices," CIRANO Project Reports 2006rp-09, CIRANO.
    • Handle: RePEc:cir:cirpro:2006rp-09
    as

    Download full text from publisher

    File URL: https://cirano.qc.ca/files/publications/2006RP-09.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jeffrey P. Carpenter & Glenn W. Harrison & John A. List, 2005. "Field Experiments In Economics: An Introduction," Research in Experimental Economics, in: Field Experiments in Economics, pages 1-15, Emerald Group Publishing Limited.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jindrich Matousek & Tomas Havranek & Zuzana Irsova, 2022. "Individual discount rates: a meta-analysis of experimental evidence," Experimental Economics, Springer;Economic Science Association, vol. 25(1), pages 318-358, February.
    2. Breitkopf, Laura & Chowdhury, Shyamal K. & Priyam, Shambhavi & Schildberg-Hörisch, Hannah & Sutter, Matthias, 2020. "Do economic preferences of children predict behavior?," DICE Discussion Papers 342, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    3. Cloos, Janis & Greiff, Matthias & Rusch, Hannes, 2020. "Geographical Concentration and Editorial Favoritism within the Field of Laboratory Experimental Economics (RM/19/029-revised-)," Research Memorandum 014, Maastricht University, Graduate School of Business and Economics (GSBE).
    4. Chesney, Thomas & Chuah, Swee-Hoon & Hoffmann, Robert, 2009. "Virtual world experimentation: An exploratory study," Journal of Economic Behavior & Organization, Elsevier, vol. 72(1), pages 618-635, October.
    5. Armin Falk & Anke Becker & Thomas Dohmen & Benjamin Enke & David Huffman & Uwe Sunde, 2018. "Global Evidence on Economic Preferences," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 133(4), pages 1645-1692.
    6. Rodriguez-Lara, Ismael & Ponti, Giovanni, 2017. "Social motives vs social influence: An experiment on interdependent time preferences," Games and Economic Behavior, Elsevier, vol. 105(C), pages 177-194.
    7. Roel van Veldhuizen, 2022. "Gender Differences in Tournament Choices: Risk Preferences, Overconfidence, or Competitiveness?," Journal of the European Economic Association, European Economic Association, vol. 20(4), pages 1595-1618.
    8. Matteo M. Galizzi & Daniel Navarro-Martinez, 2019. "On the External Validity of Social Preference Games: A Systematic Lab-Field Study," Management Science, INFORMS, vol. 65(3), pages 976-1002, March.
    9. Jason J Sandvik & Richard E Saouma & Nathan T Seegert & Christopher T Stanton, 2020. "Workplace Knowledge Flows," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 135(3), pages 1635-1680.
    10. Reyes, René & Nelson, Harry & Zerriffi, Hisham, 2021. "How do decision makers´ ethnicity and religion influence the use of forests? Evidence from Chile," Forest Policy and Economics, Elsevier, vol. 128(C).
    11. Wolfgang Breuer & M. Oliver Rieger & K. Can Soypak, 2020. "The Behavioral Foundations of Corporate Dividend Policy a Cross-Country Analysis," World Scientific Book Chapters, in: Cultural Finance A World Map of Risk, Time and Money, chapter 17, pages 387-445, World Scientific Publishing Co. Pte. Ltd..
    12. Danielson, Anders J. & Holm, Hakan J., 2007. "Do you trust your brethren?: Eliciting trust attitudes and trust behavior in a Tanzanian congregation," Journal of Economic Behavior & Organization, Elsevier, vol. 62(2), pages 255-271, February.
    13. Jorge N Zumaeta, 2021. "Meta-Analysis of Seven Standard Experimental Paradigms Comparing Student to Non-student," Journal of Economics and Behavioral Studies, AMH International, vol. 13(2), pages 22-33.
    14. John List, 2008. "Introduction to field experiments in economics with applications to the economics of charity," Experimental Economics, Springer;Economic Science Association, vol. 11(3), pages 203-212, September.
    15. Thomas Dohmen & Armin Falk & David Huffman & Uwe Sunde, 2010. "Are Risk Aversion and Impatience Related to Cognitive Ability?," American Economic Review, American Economic Association, vol. 100(3), pages 1238-1260, June.
    16. Falk, A. & Becker, A. & Dohmen, T.J. & Enke, B. & Huffman, D. & Sunde, U., 2015. "The nature and predictive power of preferences: Global evidence," Research Memorandum 039, Maastricht University, Graduate School of Business and Economics (GSBE).
    17. Charness, Gary & Cox, James C. & Eckel, Catherine C. & Holt, Charles A. & Jabarian, Brian, 2026. "The virtues of lab experiments," Journal of Economic Behavior & Organization, Elsevier, vol. 247(C).
    18. Filippos Exadaktylos & Antonio M. Espin & Pablo Branas-Garza, 2012. "Experimental Subjects are Not Different," Working Papers 12-11, Chapman University, Economic Science Institute.
    19. Cárdenas, Juan Camilo & Chong, Alberto & Ñopo, Hugo, 2013. "Stated social behavior and revealed actions: Evidence from six Latin American countries," Journal of Development Economics, Elsevier, vol. 104(C), pages 16-33.
    20. Laura Schechter, 2007. "Risk aversion and expected-utility theory: A calibration exercise," Journal of Risk and Uncertainty, Springer, vol. 35(1), pages 67-76, August.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cir:cirpro:2006rp-09. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Webmaster (email available below). General contact details of provider: https://edirc.repec.org/data/ciranca.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.