By Timothy Besley (eds.)

Timothy Besley brings jointly a suite of essays on subject matters correct to the examine of financial improvement written through major authors. It covers more than a few themes a lot of that are proper to coverage concerns. in lots of situations, the authors carry new insights from empirical study in a variety of economies.

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The more colleges that students from low-income families apply to, the more they reach for quality schools. Some were accepted by the more prestigious schools and attended them. The new policy increased the lifetime expected earnings of students from low-income families by an estimated $10,000 (Pallais, forthcoming). 3 Changing the pricing model for sending test scores to colleges radically changed the number of score reports sent Source: Pallais, forthcoming The change in the ACT decision format turned out to be a powerful means of improving the number and quality of colleges to which high school students applied.

On average, the Southern but not the Northern subjects experienced surges in levels of cortisol and testosterone indicative of surges of stress and aggression. 38 Contemporary Issues in Development Economics man could appeal to his social duty, rather than just his self-interest, to avoid a duel and could thereby retain his honor. The example shows how law can be used to regulate not only the monetary costs and benefits of actions but also their social meanings. Creating opportunities for people to have, or to witness, new experiences can also be a means of changing mental models.

At the Hajj, Muslims from over 100 countries gather in Mecca, communally performing rituals. Men and women interact relatively freely, and whites and blacks interact on relatively equal terms. Malcolm X wrote after his pilgrimage, “What I have seen, and experienced, has forced me to rearrange much of my thought-patterns” (X 1965, 346). Utilizing the random choice of Pakistani lottery winners, Clingingsmith, Khwaja, and Kremer (2009) show that participation in the Hajj changed attitudes. Despite the fact that pilgrims’ social roles did not change when they returned home, the experience led them to express greater acceptance of female education and employment, a more positive view of women’s abilities, and greater concern about crimes against women in Pakistan.

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