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Behavioral economics of education : progress and possibilities

Author: Adam M Lavecchia; Heidi Liu; Philip Oreopoulos; National Bureau of Economic Research,
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 2014.
Series: Working paper series (National Bureau of Economic Research), no. 20609.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Behavioral economics attempts to integrate insights from psychology, neuroscience, and sociology in order to better predict individual outcomes and develop more effective policy. While the field has been successfully applied to many areas, education has, so far, received less attention -- a surprising oversight, given the field's key interest in long-run decision-making and the propensity of youth to make poor  Read more...
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Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Adam M Lavecchia; Heidi Liu; Philip Oreopoulos; National Bureau of Economic Research,
OCLC Number: 895064835
Notes: "October 2014"
Description: 1 online resource (90 pages) : illustrations.
Series Title: Working paper series (National Bureau of Economic Research), no. 20609.
Responsibility: Adam M. Lavecchia, Heidi Liu, Philip Oreopoulos.

Abstract:

Behavioral economics attempts to integrate insights from psychology, neuroscience, and sociology in order to better predict individual outcomes and develop more effective policy. While the field has been successfully applied to many areas, education has, so far, received less attention -- a surprising oversight, given the field's key interest in long-run decision-making and the propensity of youth to make poor long-run decisions. In this chapter, we review the emerging literature on the behavioral economics of education. We first develop a general framework for thinking about why youth and their parents might not always take full advantage of education opportunities. We then discuss how these behavioral barriers may be preventing some students from improving their long-run welfare. We evaluate the recent but rapidly growing efforts to develop policies that mitigate these barriers, many of which have been examined in experimental settings. Finally, we discuss future prospects for research in this emerging field.

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