Present Bias and Underinvestment in Education? Long-run Effects of Childhood Exposure to Booms in Colombia
Bladimir Carrillo
No 2019.07, Working Papers from Fondazione Eni Enrico Mattei
Abstract:
This paper examines the long-run impacts of income shocks by exploiting variation in coffee cultivation patterns within Colombia and world coffee prices during cohorts' school-going years in a differences-in-differences framework. The results indicate that cohorts who faced higher returns to coffee-related work during school-going years completed fewer years of schooling and have lower income in adulthood. These findings suggest that leaving school during temporary booms results in a significant loss of long-term income. This is consistent with the possibility that students may ignore or heavily discount the future consequences of dropout decisions when faced with immediate income gains.
Keywords: Information Avoidance; Energy Efficiency; Moral Wiggle Roo (search for similar items in EconPapers)
JEL-codes: J24 O12 O13 (search for similar items in EconPapers)
Date: 2019-05
New Economics Papers: this item is included in nep-dev, nep-lma and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)
Downloads: (external link)
https://feem-media.s3.eu-central-1.amazonaws.com/w ... oads/NDL2019-007.pdf (application/pdf)
Related works:
Working Paper: Present Bias and Underinvestment in Education? Long-run Effects of Childhood Exposure to Booms in Colombia (2019) 
Working Paper: Present Bias and Underinvestment in Education? Long-run Effects of Childhood Exposure to Booms in Colombia (2019) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:fem:femwpa:2019.07
Access Statistics for this paper
More papers in Working Papers from Fondazione Eni Enrico Mattei Contact information at EDIRC.
Bibliographic data for series maintained by Alberto Prina Cerai ( this e-mail address is bad, please contact ).