Academic Journal
Peer-reviewed journal articles
2004
Spending Time versus Spending Money. Journal of Consumer Research 2004 Vol.31 No.2 pp.313-323.
| Author: |
Okada, E. M., Dawn, I. D. G. M. F. K., Hoch, S. J. |
| Year: |
2004 |
| URL: |
https://doi.org/10.1086/422110 |
- More
- We find systematic differences in the way that people spend time versus money. Ex post, people are able to more easily accommodate negative outcomes by adjusting the value of their temporal inputs. Ex ante, people are willing to spend more time for higher risk, higher return options whereas when spending money the pattern is reversed and the more standard pattern of increasing risk aversion is observed. Although accurate assessment of the opportunity costs of time is key to making good decisions, ambiguity in the value of time promotes accommodation and rationalization.
College quality and earnings in the Japanese labor market. Industrial Relations Berkeley-, 2004 Vol.43 No.3 pp.595-617
| Author: |
Ono, H. |
| Year: |
2004 |
| PDF: |
hastef0395.pdf |
| URL: |
https://swopec.hhs.se/hastef/abs/hastef0395.htm |
- More
- The motivations underlying the pursuit of college prestige in Japan presumes a labor market that rewards workers according to the quality of the college that they attended. Yet studies that examine the relationship between college quality and earnings in Japan remain few and are riddled with shortcomings. This article examines the returns to college education among Japanese men using a 1995 crossâsectional data set. I find that college quality significantly improves earnings. My findings confirm that college quality plays a crucial role in shaping incentives and earnings in the Japanese labor market.
