The Productivity Argument for Investing in Young Children

The Review of Agricultural Economics, 29(3):446-493. (2007)
The Productivity Argument for Investing in Young Children
James J.Heckman
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eBay Authors
Abstract

This paper presents a productivity argument for investing in disadvantaged young children. For such investment, there is no equity-efficiency tradeoff.

Another publication from the same author: Dimitriy Masterov

Proceedings of the Sixteenth ACM Conference on Economics and Computation (EC '15). ACM, New York, NY, USA (2015)

Canary in the e-Commerce Coal Mine: Detecting and Predicting Poor Experiences Using Buyer-to-Seller Messages

Dimitriy Masterov, Uwe Mayer, Steve Tadelis

Reputation and feedback systems in online marketplaces are often biased, making it difficult to ascertain the quality of sellers. We use post-transaction, buyer-to-seller message traffic to detect signals of unsatisfactory transactions on eBay. We posit that a message sent after the item was paid for serves as a reliable indicator that the buyer may be unhappy with that purchase, particularly when the message included words associated with a negative experience. The fraction of a seller's message traffic that was negative predicts whether a buyer who transacts with this seller will stop purchasing on eBay, implying that platforms can use these messages as an additional signal of seller quality.

Another publication from the same category: Economics