Notes on Behavioral Economics and Labor Market Policy

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Notes on Behavioral Economics and Labor Market Policy

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Title: Notes on Behavioral Economics and Labor Market Policy
Author: Babcock, Linda; Congdon, William J; Katz, Lawrence F.; Mullainathan, Sendhil

Note: Order does not necessarily reflect citation order of authors.

Citation: Babcock, Linda, William J Congdon, Lawrence F Katz, and Sendhil Mullainathan. 2012. Notes on Behavioral Economics and Labor Market Policy. IZA Journal of Labor Policy 1(2): 1-14.
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Abstract: Labor market policies succeed or fail at least in part depending on how well they reflect or account for behavioral responses. Insights from behavioral economics, which allow for realistic deviations from standard economic assumptions about behavior, have consequences for the design and functioning of labor market policies. We review key implications of behavioral economics related to procrastination, difficulties in dealing with complexity, and potentially biased labor market expectations for the design of selected labor market policies including unemployment compensation, employment services and job search assistance, and job training.
Published Version: 10.1186/2193-9004-1-2
Other Sources: http://scholar.harvard.edu/lkatz/publications/notes-behavioral-economics-and-labor-market-policy
Terms of Use: This article is made available under the terms and conditions applicable to Other Posted Material, as set forth at http://nrs.harvard.edu/urn-3:HUL.InstRepos:dash.current.terms-of-use#LAA
Citable link to this page: http://nrs.harvard.edu/urn-3:HUL.InstRepos:11870387
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