Showing papers by "Gary S. Becker published in 2014"
TL;DR: This article investigated the effects of childhood cognitive skills, socioemotional skills, and post-compulsory education on longevity using factor-analytic methodology similar to that in Heckman et al. (2006).
Abstract: Based on the 1922-1991 Terman data of children with high ability, I investigate the effects of childhood cognitive skills, socioemotional skills, and post-compulsory education on longevity using factor-analytic methodology similar to that in Heckman et al. (2006). For men, I find strong effects of socioemotional skills and education on longevity and an interaction between education and the skills. In particular, the average treatment effect of a Bachelor’s degree on life expectancy is 8.6 additional years of life, is worth for a statistical man as large as $810,000 of 2012 US dollars as a conservative estimate. Results for the effect of education are in line with Buckles et al. (2013) paper that is based on IV approach. One decile increases in childhood Conscientiousness and Extraversion lead to increases in life expectancy by 0.75 and 0.63 years worth 81 and 69 thousand US dollars. For women, who are born around 1910 and live longer than educated men, I find no statistically significant effects of education and socioemotional skills on longevity.
8 citations
TL;DR: This exchange between Judge Posner and Professor Becker was composed almost 3 years ago, but the perspective and wisdom of this exchange remains most relevant to this day as discussed by the authors. But since then, Professor Becker has died; judge Posner has added a brief remembrance of Becker at the end of the exchange.
Abstract: This exchange between Judge Posner and Professor Becker – two founding fathers of our discipline – was composed almost 3 years ago, but the perspective and wisdom of this exchange remains most relevant to this day. Since then, Professor Becker has died; Judge Posner has added a brief remembrance of Becker at the end of this exchange.
7 citations
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TL;DR: A Theory of the Allocation of Time (TATOMT) as mentioned in this paper provides a formal model of households producing outputs like food, children, and housing that bundled goods and time.
Abstract: Gary Becker's classic study, A Theory of the Allocation of Time, laid the analytical foundations for the study of household production and the allocation of time within the household. The analytical framework of household production theory developed in this paper remained a pillar of his later work on the economics of the family and the economics of nonmarket activities more generally. Becker provided a formal model of households producing outputs like food, children, and housing that bundled goods and time. Becker's great contribution was to apply the model to interpret a broad array of empirical phenomena. Becker's framework allowed for a deeper understanding of the mechanisms of consumer choice, and interpretation of income and substitution effects. Its continuing relevance in empirical economics is a testimony to its power.
2 citations
TL;DR: The debat intitule "American neoliberalism & Michel Foucault's 1979 birth of biopolitics lectures: A conversation with Gary Becker, Francois Ewald, and Bernard Harcourt" was held at the University of Chicago in 2012 as discussed by the authors.
Abstract: Le debat intitule « American neoliberalism & Michel Foucault’s 1979 birth of biopolitics lectures: A conversation with Gary Becker, Francois Ewald, and Bernard Harcourt » s’est tenu a l’universite de Chicago le 9 mai 2012 Bernard E Harcourt Bienvenue a tous Je viens de lire dans les journaux que plusieurs universites – Harvard, MIT, Princeton, et Stanford – ont commence a mettre en ligne des cours gratuits ouverts a tous Il s’agit donc aujourd’hui de notre premiere contribution a cet effo
1 citations