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Andrew Postlewaite
Local Signals in a Global Tournament: Information Frictions, Optimism, and College Completion
Families frequently receive local signals about children’s skills, such as class rank in high school, yet the college market in which most students ultimately compete is much broader. Using nationally-representative data, we show that student effort, parental investment, and beliefs about… more →
A Dynamic Model of the Economic Returns to Adolescent Social Skills
Topics: Families and CommunitiesSocial-skill formation during adolescence depends on peer environments, but those environments are equilibrium outcomes shaped by individual choices. To account for this endogeneity, we develop and estimate a dynamic model in which parents invest in adolescents, adolescents choose whether to… more →