The B.E. Journal of Economic Analysis & Policy, 2015
We assess the effect of two antithetic non-monetary incentive schemes based on grading rules on s... more We assess the effect of two antithetic non-monetary incentive schemes based on grading rules on students’ effort, using experimental data. We randomly assigned students to a tournament scheme that fosters competition between paired up students, a cooperative scheme that promotes information sharing and collaboration between students and a baseline treatment in which students can neither compete nor cooperate. In line with theoretical predictions, we find that competition induces higher effort with respect to cooperation, whereas cooperation does not increase effort with respect to the baseline treatment. Nonetheless, we find a strong gender effect since this result holds only for men while women do not react to this type of non-monetary incentives.
ABSTRACT This paper reviews strategies that allow one to identify the effects of policy intervent... more ABSTRACT This paper reviews strategies that allow one to identify the effects of policy interventions on the unconditional or conditional distribution of the outcome of interest. This distiction is irrelevant when one focuses on average treatment effects since identifying assumptions typically do not affect the parameter's interpretation. Conversely, finding the appropriate answer to a research question on the effects over the distribution requires particular attention in the choice of the identification strategy. Indeed, quantiles of the conditional and unconditional distribution of a random variable carry a different meaning even if identification of both these set of parameters may require conditioning on observed covariates.
The literature has recently emphasized the association between financial literacy or numerical an... more The literature has recently emphasized the association between financial literacy or numerical and mathematical ability, on the one hand, and risk diversification, retirement savings, investment portfolios on the other. 1 Both in Europe and in the US, there is evidence of low levels of financial literacy which is reflected into limited knowledge of economic concepts, like inflation or interest compounding (Jappelli, 2010). Lack of financial literacy and the mis-perception of crucial economic factors may lead individuals to make ...
The B.E. Journal of Economic Analysis & Policy, 2015
We assess the effect of two antithetic non-monetary incentive schemes based on grading rules on s... more We assess the effect of two antithetic non-monetary incentive schemes based on grading rules on students’ effort, using experimental data. We randomly assigned students to a tournament scheme that fosters competition between paired up students, a cooperative scheme that promotes information sharing and collaboration between students and a baseline treatment in which students can neither compete nor cooperate. In line with theoretical predictions, we find that competition induces higher effort with respect to cooperation, whereas cooperation does not increase effort with respect to the baseline treatment. Nonetheless, we find a strong gender effect since this result holds only for men while women do not react to this type of non-monetary incentives.
ABSTRACT This paper reviews strategies that allow one to identify the effects of policy intervent... more ABSTRACT This paper reviews strategies that allow one to identify the effects of policy interventions on the unconditional or conditional distribution of the outcome of interest. This distiction is irrelevant when one focuses on average treatment effects since identifying assumptions typically do not affect the parameter's interpretation. Conversely, finding the appropriate answer to a research question on the effects over the distribution requires particular attention in the choice of the identification strategy. Indeed, quantiles of the conditional and unconditional distribution of a random variable carry a different meaning even if identification of both these set of parameters may require conditioning on observed covariates.
The literature has recently emphasized the association between financial literacy or numerical an... more The literature has recently emphasized the association between financial literacy or numerical and mathematical ability, on the one hand, and risk diversification, retirement savings, investment portfolios on the other. 1 Both in Europe and in the US, there is evidence of low levels of financial literacy which is reflected into limited knowledge of economic concepts, like inflation or interest compounding (Jappelli, 2010). Lack of financial literacy and the mis-perception of crucial economic factors may lead individuals to make ...
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