This paper uses evidence from focus groups with consumers in England to consider how consumers understand and evaluate a range of proxies or intermediary organisations that offer assurance about food and consumer products, particularly voluntary certification schemes. This addresses the current concern in developed economies about providing…

The past two decades have seen an increased need for better consumer reporting in education. This has resulted in part from a variety of education initiatives sponsored by the US Department of Education (ED) and others. The initiatives have increased the number of school improvement options available to educators and encouraged--or sometimes…

The inauguration of a new president is a typically a time of great hope, and this year is certainly no exception. But the advent of the Obama administration offers residents of New York and other city-dwellers special grounds for optimism: that the period of years, if not decades, when the federal government all but turned its back on the needs of…

In the midst of the worst economic crisis since the Great Depression, there exists a deficit of compelling financial education curricula in urban schools that serve financially vulnerable working-class students. Part of a design-based research investigation aimed at creating culturally-relevant financial literacy learning environments, this study…

How do people judge the monetary value of objects? One clue is provided by the typical endowment study (D. Kahneman, J. L. Knetsch, & R. H. Thaler, 1991), in which participants are randomly given either a good, such as a coffee mug, that they may later sell ("sellers") or a choice between the good and amounts of cash ("choosers"). Sellers…

Households pay a premium to live in houses assigned to high quality public schools, and the housing market yields information about the demand for public school quality. The current study estimates a two-stage house price hedonic emphasizing the role that private schools play in the willingness to pay for public school quality. The elasticity of…

In 4 experiments, undergraduates made hypothetical investment choices. In Experiment 1, participants paid more attention to the volatility of individual assets than to the volatility of aggregated portfolios. The results of Experiment 2 show that most participants diversified even when this increased risk because of covariation between the returns…

This study examined the factors that influence consumer satisfaction with mobile telephone use in Malaysia. The validity of the study's constructs, criterion, and content was confirmed. Construct validity was verified through the factor analysis with a total variance of 73.72 percent explained by all six independent factors. Content validity was…

The author comments on the decline in the rate of capital formation and the problems of rising unit costs due to hours paid for, but not worked. (CT)

The question of whether higher-lifetime income households save a larger fraction of their income was the subject of much debate in the 1950s and 1960s, and while not resolved, it remains central to the evaluation of tax and macroeconomic policies. We resolve this longstanding question using new empirical methods applied to the Panel Study of…

We examine an economy whose consumers have different discount factors for utility, possibly not exponential. We characterize the properties of efficient allocations of resources and of the shadow prices that would decentralize such allocations. We show in particular that the representative agent has a decreasing discount rate when, as is usually…

A substantial body of literature considers excessive corruption an indicator of a weak state. However, in nondemocratic societies, corruption--whether informally approved, imposed, or regulated by public authorities--is often an indicator of a vertical power rather than an indicator of a weak state. This article explores the interrelations between…

This article considers ideological, pedagogical and constitutive functions of children's picture books, with particular emphasis on the ways in which texts construct children and childhood in economic terms. Through an analysis of Lauren Childs' "Hubert Horatio Bartle Bobton-Trent" and Anthony Browne's "Voices in the Park", the article…

Although the federal government dedicated nearly $40 billion to funding student loans in 2006, only 60 percent of potential students from low-income families attend college, compared with 90 percent from high-income families. This paper argues that enrollment rates are lower than they could be because potential students undervalue loan subsidies,…

Initial conceptual and empirical background to the Saver-Spender (SS) Scales of the personality correlate of consumer behavior are presented. These nine scales were developed to assess major behavioral orientations that underlie or facilitate consumer behavior. They are: (1) Aware of Other's Possessions; (2) Decision Confident; (3) Desires…