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Opening the black box of college major choice: Evidence from an information intervention 打开大学专业选择的黑箱：来自信息干预的证据
IF 2.3 3区 经济学
Journal of Economic Behavior & Organization Pub Date : 2025-02-05 DOI: 10.1016/j.jebo.2024.106800
Fulya Ersoy , Jamin D. Speer
{"title":"Opening the black box of college major choice: Evidence from an information intervention","authors":"Fulya Ersoy ,&nbsp;Jamin D. Speer","doi":"10.1016/j.jebo.2024.106800","DOIUrl":"10.1016/j.jebo.2024.106800","url":null,"abstract":"<div><div>This study examines the role of job-related and non-job-related factors in college major choice. Using a staggered intervention, we provide students information on various aspects of majors and assess the impact of different pieces of information on their stated choices. We show that major choices depend on a wide set of factors, especially for students who are initially unsure about their major choice. The non-job-related factors, such as a major’s course difficulty and gender composition, are particularly important to students. Male and female students value different major characteristics in different ways. Female students – particularly those with below-median high school GPA – avoid majors that are more difficult than they originally believed, while male students are averse to majors with more female faculty but prefer those with more female students. Our findings help us understand gender gaps in college major choice and have a number of implications for researchers and policymakers seeking to study major choice or influence those choices.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"231 ","pages":"Article 106800"},"PeriodicalIF":2.3,"publicationDate":"2025-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143341480","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Inattention and credit card repayment date 疏忽和信用卡还款日期
IF 2.3 3区 经济学
Journal of Economic Behavior & Organization Pub Date : 2025-02-01 DOI: 10.1016/j.jebo.2025.106906
Jiajun Jiang , Yi-Tsung Lee , Yu-Jane Liu , Juanjuan Meng
{"title":"Inattention and credit card repayment date","authors":"Jiajun Jiang ,&nbsp;Yi-Tsung Lee ,&nbsp;Yu-Jane Liu ,&nbsp;Juanjuan Meng","doi":"10.1016/j.jebo.2025.106906","DOIUrl":"10.1016/j.jebo.2025.106906","url":null,"abstract":"<div><div>This paper presents an analysis of how inattention affects credit card repayment dates. Data from an Asian commercial bank reveal that 70 % of repayments are made prior to the due date and 21 % are late. We show that exogenous reductions in attention levels, stemming from weekday-weekend variations in billing dates and natural disasters, amplify late repayments and diminish early repayments. We find that early repayments are not random errors, and consumers learn to pay earlier or sign up for automatic payment after historical delays. We introduce a model based on inattention and heterogeneous awareness to explain these findings.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"230 ","pages":"Article 106906"},"PeriodicalIF":2.3,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143102898","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Power distance and dishonest behavior 权力距离与不诚实行为
IF 2.3 3区 经济学
Journal of Economic Behavior & Organization Pub Date : 2025-02-01 DOI: 10.1016/j.jebo.2025.106883
Qian Cao 曹倩 , Jianbiao Li 李建标 , Xiaofei Niu 牛晓飞 , Chengkang Zhu 朱程康
{"title":"Power distance and dishonest behavior","authors":"Qian Cao 曹倩 ,&nbsp;Jianbiao Li 李建标 ,&nbsp;Xiaofei Niu 牛晓飞 ,&nbsp;Chengkang Zhu 朱程康","doi":"10.1016/j.jebo.2025.106883","DOIUrl":"10.1016/j.jebo.2025.106883","url":null,"abstract":"<div><div>Despite an extensive literature on the determinants of dishonesty, our understanding of how cultural values influence such behavior is limited. To address this gap, we conduct experiments to examine whether power distance, a cultural dimension identified by Hofstede (1984) and defined as the extent to which an individual accepts that power is unequally distributed, affects dishonest behavior. We find that power distance is not only positively correlated with dishonest behavior at both the individual and the country level, but also causally affects the likelihood of engaging in dishonest behavior. Our findings shed light on the role of cultural values in dishonest behavior.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"230 ","pages":"Article 106883"},"PeriodicalIF":2.3,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143099135","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
A high resolution input–output model to assess the economic impact of floods 一个用于评估洪水经济影响的高分辨率投入产出模型
IF 2.3 3区 经济学
Journal of Economic Behavior & Organization Pub Date : 2025-02-01 DOI: 10.1016/j.jebo.2025.106896
Jlenia Di Noia, Alessandro Caiani , Luigi Cesarini, Marcello Arosio, Beatrice Monteleone
{"title":"A high resolution input–output model to assess the economic impact of floods","authors":"Jlenia Di Noia,&nbsp;Alessandro Caiani ,&nbsp;Luigi Cesarini,&nbsp;Marcello Arosio,&nbsp;Beatrice Monteleone","doi":"10.1016/j.jebo.2025.106896","DOIUrl":"10.1016/j.jebo.2025.106896","url":null,"abstract":"<div><div>The frequency and intensity of extreme weather events are rising due to global warming. Beyond damaging physical assets, these events can cause substantial economic losses through business interruptions and cascading shocks across production networks. The paper introduces a computational inter-regional input–output framework to assess the economic impacts of river floods in Italy. The model leverages a georeferenced database of productive plants built from the ASIA-local units database. By aligning plant coordinates with inundation maps, it enhances the identification of affected units, their associated water depth, and the shock caused to sectors’ productive capacity. To demonstrate the utility of this approach, we apply it to the major flood event that struck Emilia-Romagna in May 2023, quantifying both direct and indirect economic losses from business interruptions across sectoral, regional, and national levels.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"230 ","pages":"Article 106896"},"PeriodicalIF":2.3,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143102897","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Gender differences in political career progression 政治职业发展中的性别差异
IF 2.3 3区 经济学
Journal of Economic Behavior & Organization Pub Date : 2025-02-01 DOI: 10.1016/j.jebo.2024.106806
Ryan Brown , Hani Mansour , Stephen D. O’Connell , James Reeves
{"title":"Gender differences in political career progression","authors":"Ryan Brown ,&nbsp;Hani Mansour ,&nbsp;Stephen D. O’Connell ,&nbsp;James Reeves","doi":"10.1016/j.jebo.2024.106806","DOIUrl":"10.1016/j.jebo.2024.106806","url":null,"abstract":"<div><div>This paper quantifies the gender gap in the returns to electoral success on the career progression of novice U.S. state legislators. Using a regression discontinuity design, we find that narrowly winning a state legislature election doubles the probability that a female politician will later compete for a higher-level legislative seat compared to narrowly elected male politicians. While the gender gap in the effect of local political experience on winning a higher-level election also favors women, it is not precisely estimated. The gender difference in the effect of winning a state legislature seat is larger when serving in positions that closely resemble the responsibilities and workload of higher-level positions. We conclude that the pathway from local to higher-level political offices functions at least as effectively for women as for men. Therefore, supporting the recruitment, funding, and campaigning of women in local elections can be an effective strategy to increase their representation at the highest levels of government.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"230 ","pages":"Article 106806"},"PeriodicalIF":2.3,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143172092","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Long-term impacts of early adversity on subjective well-being: Evidence from the Chinese great famine 早期逆境对主观幸福感的长期影响：来自中国大饥荒的证据
IF 2.3 3区 经济学
Journal of Economic Behavior & Organization Pub Date : 2025-02-01 DOI: 10.1016/j.jebo.2025.106905
Qianping Ren , Liyan Wang , Maoliang Ye
{"title":"Long-term impacts of early adversity on subjective well-being: Evidence from the Chinese great famine","authors":"Qianping Ren ,&nbsp;Liyan Wang ,&nbsp;Maoliang Ye","doi":"10.1016/j.jebo.2025.106905","DOIUrl":"10.1016/j.jebo.2025.106905","url":null,"abstract":"<div><div>Employing a difference-in-differences method across birth cohorts and regions with nationally representative data, this study examines the impact of the 1959–1961 Chinese Great Famine on survivors’ subjective well-being (SWB) fifty years later. Early-life exposure significantly reduces emotional and eudaimonic SWB, especially among females; evaluative SWB remains unaffected. Mechanism analysis highlights health status and social integration as primary channels, with socioeconomic status playing a limited role. This study is the first to systematically analyze the famine's SWB effects, revealing variability across well-being dimensions. Our findings underscore early-life circumstances’ pivotal role in SWB and the enduring consequences of adversity and public disasters.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"230 ","pages":"Article 106905"},"PeriodicalIF":2.3,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143102896","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Gender differences in graduate degree choices 研究生学位选择中的性别差异
IF 2.3 3区 经济学
Journal of Economic Behavior & Organization Pub Date : 2025-02-01 DOI: 10.1016/j.jebo.2025.106882
Judith M. Delaney , Paul J. Devereux
{"title":"Gender differences in graduate degree choices","authors":"Judith M. Delaney ,&nbsp;Paul J. Devereux","doi":"10.1016/j.jebo.2025.106882","DOIUrl":"10.1016/j.jebo.2025.106882","url":null,"abstract":"<div><div>While gender differences in the decision of what to study at undergraduate level are much studied, there is relatively little attention paid to subsequent study decisions of graduates. Given the increased importance of graduate education in recent decades, these decisions can have major labour market implications. In this paper, we use administrative data from Ireland to study these choices. We find systematic and substantial differences by gender in choice of graduate field, even when taking account of the exact undergraduate programme attended and a large set of controls measuring academic interests and aptitudes. Female graduates are less likely to do further study in STEM fields and more likely to enter teaching and health programmes. When we explore the effect of these choices on early career gender gaps in earnings, we find that they tend to exacerbate earnings gaps. Even after accounting for the exact undergraduate programme and detailed school subject choices and grades, the choice of graduate programme can explain about 20% of the gender earnings gap at age 33 for persons who pursued a graduate degree.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"230 ","pages":"Article 106882"},"PeriodicalIF":2.3,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143102901","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Falling and failing (to learn): Evidence from a nation-wide cybersecurity field experiment with SMEs 跌倒和失败（学习）：来自中小企业的全国性网络安全现场实验的证据
IF 2.3 3区 经济学
Journal of Economic Behavior & Organization Pub Date : 2025-02-01 DOI: 10.1016/j.jebo.2024.106868
David Gonzalez-Jimenez , Francesco Capozza , Thomas Dirkmaat , Evelien van de Veer , Amber van Druten , Aurélien Baillon
{"title":"Falling and failing (to learn): Evidence from a nation-wide cybersecurity field experiment with SMEs","authors":"David Gonzalez-Jimenez ,&nbsp;Francesco Capozza ,&nbsp;Thomas Dirkmaat ,&nbsp;Evelien van de Veer ,&nbsp;Amber van Druten ,&nbsp;Aurélien Baillon","doi":"10.1016/j.jebo.2024.106868","DOIUrl":"10.1016/j.jebo.2024.106868","url":null,"abstract":"<div><div>Prior experiences are crucial in shaping risk prevention behavior. Previous studies have shown that experiencing a simulated phishing attack (a “phishing drill”) reduces the likelihood of clicking on unsafe links and disclosing one’s password. In a large field experiment involving 670 small and medium-sized enterprises (SMEs) and their 33,000 employees, we examined the impact of experience on individuals’ ability to detect cyber-security threats, and whether this effect persisted over several months. We collected data at both the company and individual levels, including risk preference, time preference, and trust. Our findings indicate only a non-systematic, short-term effect of previous phishing emails on clicking behavior. A cluster of individuals with greater patience, trust, and risk seeking was more likely to click on phishing links in the first place but then also more likely to benefit from phishing drills.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"230 ","pages":"Article 106868"},"PeriodicalIF":2.3,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143099138","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Stock market reactions to a sovereign wealth fund's broad-based public sustainability engagement: European evidence 股市对主权财富基金广泛参与公共可持续发展的反应：欧洲证据
IF 2.3 3区 经济学
Journal of Economic Behavior & Organization Pub Date : 2025-02-01 DOI: 10.1016/j.jebo.2025.106915
Florian Habermann , Tobias Steindl
{"title":"Stock market reactions to a sovereign wealth fund's broad-based public sustainability engagement: European evidence","authors":"Florian Habermann ,&nbsp;Tobias Steindl","doi":"10.1016/j.jebo.2025.106915","DOIUrl":"10.1016/j.jebo.2025.106915","url":null,"abstract":"<div><div>This study examines investor reactions to a broad-based public engagement by the world's largest sovereign wealth fund (SWF). We use the SWF's announcement to vote against firms with insufficient sustainability performance in an event study comprising 1,169 portfolio firms headquartered in Europe. The results show an average negative reaction of USD 39.99 million to the announcement. The negative effect is concentrated in portfolio firms with low sustainability performance measured by Refinitiv's environmental, social, and governance (ESG) score. Focusing on the SWF's voting share, we find that firms with low sustainability performance <em>and</em> a high voting share experience the most negative market reaction. Notably, the moderating effect of ESG score uncertainty becomes apparent, as firms with both low sustainability performance <em>and</em> low ESG score uncertainty experience more pronounced negative stock market reactions. In contrast, firms with low performance <em>and</em> high uncertainty show no statistically significant effect. Several robustness tests—including a regression discontinuity in time design—confirm our results. Overall, our findings reveal that broad-based public sustainability engagement can exert pressure on European portfolio firms, suggesting that this form of indirect engagement complements direct engagement strategies in their objective to enhance firms’ sustainability performance. Our findings have valuable implications for researchers, practitioners, and policymakers interested in understanding the evolving landscape of investor-firm interactions.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"231 ","pages":"Article 106915"},"PeriodicalIF":2.3,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143131466","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Information as a catalyst for industrialization 信息化是工业化的催化剂
IF 2.3 3区 经济学
Journal of Economic Behavior & Organization Pub Date : 2025-02-01 DOI: 10.1016/j.jebo.2024.106874
David A. Hennessy
{"title":"Information as a catalyst for industrialization","authors":"David A. Hennessy","doi":"10.1016/j.jebo.2024.106874","DOIUrl":"10.1016/j.jebo.2024.106874","url":null,"abstract":"<div><div>Technological innovations in the materials and biological sciences ensure more consistent raw materials as production process inputs while IT improves material attribute discernment. When raw materials of two types are to be sorted, we provide a Bayesian information processing model with three parameters, one each to summarize product consistency, signals to discern raw material attributes, and incentives to correctly categorize materials. Consistency and discernment substitute when mis-categorization costs are symmetric. They can complement when mis-categorization into the prevalent type is heavily penalized. A single commodity market emerges whenever consistency is near 100 % but otherwise two may arise. A Catalyst Effect occurs whereby improvements in materials and biological technologies first increases demand for both discernment and consistency but then eliminates demand for discernment while further boosting demand for consistency.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"230 ","pages":"Article 106874"},"PeriodicalIF":2.3,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143099136","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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